Charting the Surge: Demands for Rare Earth Elements (REEs)
15 January 2024•
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Rare Earth Elements (REEs) are a group of 17 essential elements, pivotal in technology from electric vehicles to smartphones.
Four of these elements, crucial for making high-performance permanent magnets, dominate 90% of the market.
As the race for energy transition accelerates, the demand for REEs is projected to skyrocket — expected to increase 67-fold by 2050, at a 15% annual growth rate.
This surge highlights a critical challenge: responsibly leveraging these limited, valuable resources.
In the race towards technological innovation, embedding sustainability in the use and management of REEs is not just important—it's imperative.
Author
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We are a team of passionate Researchers, Data Junkies, and Story-Tellers that believe there is not enough quality business insights and compelling data analysis available in the marketplace, told in the formats users want. We want to give an insider's look into the industries, businesses and economies that are changing the world today, so our users can become inspired, empowered and equipped to run their businesses as best they can.
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