Rare Earth Metals Market to Grow at a CAGR of 10.19% over Forecast Period 2015-2019
Rare earth metals have unique physical and chemical properties, which make them suitable to alloy with other metals for use in applications that require enhanced magnetic strength, high temperature resistance, and other properties. They are widely used in the manufacture of magnets for wind turbine generators and for the electrodes in metal hydride batteries. These metals are also used in various applications pertaining to catalytic converters, fluorescent lighting, and memory storage. Increased demand for high performance materials from automotive and...
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