Rare Earth Magnets
“The current highest value applications are for high powered magnets.”
Neodymium-Praseodymium (NdPr) oxide is the key input to rare-earth magnets needed in the motors and generators of electric and hybrid vehicles, wind turbines, and a variety of other clean energy applications. These rare-earth magnets are 10 times the strength for the same weight as conventional magnets, and there is currently no known substitute.
Digital Technology
a) Vibration Motor
Neodymium, Praseodymium, Dysprosium
b) LED Screens
Europium, Yttrium, Lanthanum, Dysprosium, Praseodymium, Gadolinium
c) Polished Glass products
Cerium, Lanthanum, Praseodymium
d) Speakers
Neodymium, Praseodymium, Terbium, Dysprosium
e) Electrical Components
Neodymium, Praseodymium, Dysprosium, Lanthanum, Gadolinium
Clean Energy Solutions
f) Wind turbine Energy
The wind turbine market is anticipated to account for approx. 30% of the global growth in the use of rare earth metals from 2015 ton 2025.*
g) NdFeB Magnets
Using rare earth magnets make turbines lighter, cheaper, more reliable, easier to maintain and capable of generating electricity at lower wind speeds.*
*ref: UBS Research (23/07/2018)
Electric and hybrid vehicles
