Rare Earth Magnet Market: Key Market Dynamics Shaping Adoption and Technological Advancements
The rare earth magnet market is expanding rapidly as global electrification, renewable energy adoption, and industrial automation accelerate. Rare earth magnets, including NdFeB and SmCo, are essential in electric vehicles, wind turbines, consumer electronics, robotics, aerospace, and medical devices due to their exceptional magnetic strength, energy efficiency, and compact design. Rising...
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