Rare Earth Metals Market To Develop Strongly And Cross USD 26,346.8 Mn By 2028 | 9.4% CAGR
The worldwide market for Rare Earth Metals Market is expected to grow at a CAGR of roughly 9.4% over the next ten years and will reach US$ 26,346.8 Mn in 2028, from US$ 10,731.8 Mn in 2018, according to a new Market.us (Prudour Research) study. This growth is attributed to their use in various industries, such as automotive and electronics manufacturing. Rare earth metals are essential components of modern-day technologies due to their unique physical and chemical properties, some of which include corrosion resistance and high electrical conductivity. They are used in various applications such as catalysts, phosphors, magnets, batteries,…
- Date: November 30, 2022
- Author: Thomas Bretz
- Category: Taiwan News