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Metal Recycling News July 07, 2015 02:22:10 AM

China Demand for Rare Earth Permanent Magnet to Hit 150,000 Tonnes

Paul Ploumis
By
ScrapMonster Author
A recent research report predicts that Chinese rare earth permanent magnet demand is likely to post strong growth.

China Demand for Rare Earth Permanent Magnet to Hit 150,000 Tonnes

BEIJING (SMM): China’s demand for rare earth permanent magnet will hit 150,000 tonnes by 2020, cnmn.com reported, quoting a research report from Shenyin Wanguo Securities.   

The development of wind power and new energy vehicle industries will boost demand for rare earth permanent magnet materials.

Courtesy: www.metal.com

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