Recent Dynamics in the Global CRITICAL Rare-Earths Market and ...
Recent Dynamics in the Global CRITICAL Rare-Earths Market and ...
Recent Dynamics in the Global CRITICAL Rare-Earths Market and ...
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How was <strong>the</strong> magnet <strong>in</strong>dustry affected<br />
• Major efforts to reduce Nd-Fe-B usage <strong>in</strong> 2011-2012<br />
• Switch from REPM to <strong>in</strong>duction motors<br />
• Switch from surface-mounted to <strong>in</strong>terior REPMs<br />
• Switch back to ferrite where possible<br />
• Higher HREE-conta<strong>in</strong><strong>in</strong>g REPMs – some switched to Sm-Co<br />
• Also efforts to “drop down” a grade or two<br />
• Reduc<strong>in</strong>g Dy / Tb = significant cost sav<strong>in</strong>gs<br />
• Magnet REO dem<strong>and</strong>: 2010 ≈ 26 kt; 2011 ≈ 21 kt<br />
• Likely to rebound <strong>in</strong> 2012 – though end users are still wary<br />
• At least one bankruptcy of a magnet company…<br />
<strong>Rare</strong>-Earth Price Volatility<br />
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