Global neodymium-iron-boron permanent magnet demand growth rate 2019-2022
The alloy of neodymium, iron, and boron is used to make the permanent magnet known as NdFeB for short. The growth rate of the global demand for neodymium-iron-boron (NdfeB) permanent magnets is expected to amount to 40.5 percent in 2021 compared to the previous year.
