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Adamas forecasts an under-supply of neodymium, praseodymium and dysprosium oxide from 2022 onward. Global shortages of NdFeB alloy and powder will amount to 48,000 tonnes annually by 2030 – roughly the amount needed for some 25 to 30 million electric vehicle traction motors.
Also neodymium, praseodymium and didymium oxide demand will collectively rise to 16,000 tonnes in 2030, an amount equal to roughly three-times Lynas Corporation’s annual output, or three-times MP Materials’ annual output, of neodymium and praseodymium oxide (or oxide equivalents).
The World Trade Organization last week ruled that Indonesia had no right to ban the export of nickel or to require that raw nickel ore be refined in Indonesia.
According to preliminary data released by the U.S. Geological Survey (USGS), global rare earth minerals (REE) mine production in 2022 is estimated at about 300,000 tonnes of rare-earth-oxide (REO) equivalent, up 3.4% from 2021 (290,000 tonnes).
Global REE mine production, tonnes of REO equivalent. 2022* - preliminary estimate. Source: USGS.
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According to the report, the contribution of other countries’ mine production in global REE output declined in 2022 and accounted for 30% (90,000 tonnes of REO equivalent) of the world’s total REE mine production (300,000 tonnes of REO equivalent), compared to 42% in 2021.
Largest REE producing countries, tonnes of REO equivalent. 2022* - preliminary estimate. Source: USGS.
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