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2026-08-17 11:06:48

Why Permanent Magnets Remain Central to Neodymium Market Demand

The neodymium market is gaining importance as demand for high-performance permanent magnets increases across electric vehicles, renewable energy infrastructure, industrial automation, and other advanced applications. The market was valued at USD 5.3 billion in 2025 and is projected to grow from USD 5.5 billion in 2026 to USD 8.4 billion by 2033, registering a CAGR of 6.3% from 2026 to 2033....

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