Rare Earth Magnets

Rare Earth 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.

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

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