The Critical Metals Report: Bob, at the Asian Metal Conference in San Francisco, you spoke about rare earth elements (REE) used in magnets. Are magnets the most important application driving REE demand?
Bob Wolf: No. If you look at total supply of all REEs, magnets make up about 5% of the total usage by weight. If you mine 100,000 pounds (lbs) of REEs, 5% might be used in magnets. REE usage in magnets is a very small, but essential percentage of the total REE supply. For example, … [visit site to read more]
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