The EV Market Doubles Down on Permanent Magnets Despite Material Costs
i4.0 today
DECEMBER 9, 2022
The price of neodymium has remained fairly constant from 2013-2020, but 2022 saw a very sharp rise to its peak in February at 3.8 times higher than it was between 2013-2020. This has been especially true for the rare earth materials used in the manufacturing of electric motors for electric vehicles (EVs).
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