Adamas Intelligence recently released a report which forecasts that the worldwide demand for neodymium magnets will rise at a compound annual growth rate (CAGR) of 7.5% in the period between 2023 and 2040. Neodymium magnets or NdFeB as they are also known, are widely used rare-earth magnets made of iron, neodymium and boron.

Adamas Intelligence is an independent research and advisory company based in Toronto, Ontario, focused on critical minerals and…

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