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
* Forecast.
The abbreviations for the main elements used for each application refer to the following rare earth oxides:
Nd: Neodymium
Pr: Praseodymium
Dy: Dysprosium
Sm: Samarium
La: Lanthanum
Ce: Cerium
Y: Yttrium
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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 November 10, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/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 November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/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: November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/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.ezproxy.canberra.edu.au/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.ezproxy.canberra.edu.au/statistics/232957/distribution-of-rare-earth-demand-worldwide-by-application/ (last visited November 10, 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.ezproxy.canberra.edu.au/statistics/232957/distribution-of-rare-earth-demand-worldwide-by-application/
