Electric Vehicles Drive Up Rare Earth Magnets Prices

Rare Earth Minerals

Prices of Neodymium Magnets Increase The price of rare earth minerals, used in the production of Rare Earth Magnets such as Neodymium, is trading at nearly double the 2016 average (as of August 2017).  This alarming increase is believed to be driven by an expansion in electric vehicles and renewable energy. At the end of…

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