Magnets accounted for nearly 30 percent of the global demand for rare earth oxides (REO) in 2020, in particular the REOs neodymium, praseodymium, dysprosium, and samarium. It is forecast that magnet manufacturing will account for 36 percent of the worldwide REO demand in 2030.
Distribution of rare earth oxide demand worldwide in 2020, with a forecast for 2030, by application
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BGR. (August 1, 2023). Distribution of rare earth oxide demand worldwide in 2020, with a forecast for 2030, by application [Graph]. In Statista. Retrieved March 29, 2024, from https://www.statista.com/statistics/232957/distribution-of-rare-earth-demand-worldwide-by-application/
BGR. "Distribution of rare earth oxide demand worldwide in 2020, with a forecast for 2030, by application." Chart. August 1, 2023. Statista. Accessed March 29, 2024. https://www.statista.com/statistics/232957/distribution-of-rare-earth-demand-worldwide-by-application/
BGR. (2023). Distribution of rare earth oxide demand worldwide in 2020, with a forecast for 2030, by application. Statista. Statista Inc.. Accessed: March 29, 2024. https://www.statista.com/statistics/232957/distribution-of-rare-earth-demand-worldwide-by-application/
BGR. "Distribution of Rare Earth Oxide Demand Worldwide in 2020, with a Forecast for 2030, by Application." Statista, Statista Inc., 1 Aug 2023, https://www.statista.com/statistics/232957/distribution-of-rare-earth-demand-worldwide-by-application/
BGR, Distribution of rare earth oxide demand worldwide in 2020, with a forecast for 2030, by application Statista, https://www.statista.com/statistics/232957/distribution-of-rare-earth-demand-worldwide-by-application/ (last visited March 29, 2024)
Distribution of rare earth oxide demand worldwide in 2020, with a forecast for 2030, by application [Graph], BGR, August 1, 2023. [Online]. Available: https://www.statista.com/statistics/232957/distribution-of-rare-earth-demand-worldwide-by-application/