MP Materials expects sharp fall in heavy rare earth demand
Updated
Updated · Bloomberg · May 7
MP Materials expects sharp fall in heavy rare earth demand
11 articles · Updated · Bloomberg · May 7
Chief executive James Litinsky said magnet makers are increasingly using alternative metals to make high-performance magnets with little or no dysprosium and terbium.
The shift could weaken prices for some of the costliest rare earth materials as manufacturers reduce reliance on heavy rare earth content.
MP said technology advances are changing magnet production, suggesting demand patterns across the rare earth market may shift as peers adopt similar approaches.
Why is MP Materials investing billions in rare earths its own CEO predicts will soon face declining demand?
Will new magnet technology make critical rare earths obsolete before the West can escape China's supply control?
With soaring prices and innovation promises, are rare earths a golden opportunity or a looming bubble?