The Market

Enabling Low Carbon Technology

More than 30 different NdFeB magnets applications are in a regular car using NdPr which is equivalent to approx 200gr NdFeB Magnets. A hybrid vehicles contains between 1.5-3 kg NdFeb magnets. A 1/3 of this is pure NdPr oxide.

Market insights & News

Peak Resources main minerals neodymium (Nd) and praseodymium (Pr) are the core ingredients for manufacturing permanent magnets (NdFeB magnets), which are used in high-efficiency electric-motors and generators enabling low carbon technologies, like wind energy, E-mobility and many others. The demand for NdPr is expected to grow rapidly as one of the core enablers for the upcoming new technology chapter.

Peak Resources production basket is in line with the highest value and growth market. NdPr accounts for 80% of Peak Resources’ revenue and represents the main focus of the marketing sales and business development strategy. With its unique Ngualla deposit in Tanzania, Peak Resources is perfectly positioned to become a sustainable and long term supplier to meet increased global demand.

The Market

Automotive

NdPr drives almost
all E-vehicles

More than 90% of electric vehicles are using a Neodymium permanent magnet engine, each of which requires approx. 1kg pure NdPr oxide. ...

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11/02/2019
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"The Average xEV Electric Motor Power Is Around 112 kW – 1.6 kg of NdFeB alloy is consumed per 100 kW"

On average, new passenger xEVs are equipped with 112 kW electric motors (the average for BEVs is hig...

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14/11/2019
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"VW ID.3 Electric Motor Is So Compact That It Fits In A Sports Bag"

From 2023 on, Volkswagen intends to produce 1.4 million of similar electric drive units annually. ...

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02/01/2020
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"Hyundai Motor Group will invest more than US$87 billion over next 5 years"

Hyundai Motor Group announces new business priorities Executive Vice Chairman Euisun ...

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Wind Energy

NdPr generates clean Energy

Annual growth rate/ CAGR for new installed capacity was 24% between 2000-2015. 1 megawatt of an Direct Drive Wind Turbine contains approx. 200kg pure Nd/Pr oxide. ...

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20/08/2019
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"Wind industry prepares for “bottlenecks and price hikes” in rare earth metals"

Technological innovation is key to the wind industry reducing reliance on rare earth materials from ...

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16/01/2019
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"Clean Energy Investment Exceeded $300 Billion Once Again in 2018"

Solar commitments declined 24% in dollar terms even though there was record new photovoltaic capacit...

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19/06/2018
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"Batteries boom enables world to get half of electricity from wind and solar by 2050 | Bloomberg NEF"

Coal to shrink to just 11% of global electricity generation by mid-century, from 38% now, as compara...

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Other Applications

efficiency and productivity in society

"The actual path of a raindrop as it goes down the valley is unpredictable, but the general direction is inevitable," says digital visionary, Kevin Kelly — and technology is much the same, driven by patterns that are unexpected but inevitable. ...

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03/04/2019
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"US robot density now more than double that of China"

  US Industrial robot installations rise +14% - US Robot Market: 2.1 billion US$ IFR Press R...

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16/02/2019
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"An ageing world needs more resourceful robots"

Rather than take people’s jobs, machines will help care for them in their old age Rather than tak...

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20/11/2018
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"Scooters Are Not A Public Safety Crisis, but Cars Still Are"

Lime scooters at Portland Bureau of Transport event Photo cred: PBOT Flickr Small, personally-...

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China

tackling its rare earth industry issues

History has a habit of repeating itself. Each society goes through different stages in its development and it’s time for China to tackle his environmental and rare earth industry issues. ...

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19/02/2020
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"China hikes H1-2020 rare earth output quota as industry grapples with virus"

BEIJING — China has raised its output quota for rare earth minerals in the first half of 2020 by 1...

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22/05/2019
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"JL Mag Rare Earth : Xi’s visit boosts China’s critical rare-earth sector"

Chinese President Xi Jinping, also general secretary of the Communist Party of China Central Commi...

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29/05/2019
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"China will not be bullied into submission: China Daily editorial"

[Photo/IC] In a thinly veiled warning that Beijing will not rule out using rare earths as a weapo...

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Legislation

to provide reliable and affordable power and sustainable e-mobility

50% of future demand growth underpinned by existing government policies including COP21 – The Paris Summit, Energy 2020 (Europe) and Kigali 2016 ...

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19/02/2020
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"China hikes H1-2020 rare earth output quota as industry grapples with virus"

BEIJING — China has raised its output quota for rare earth minerals in the first half of 2020 by 1...

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03/05/2019
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"UK to move electric vehicle target forward to 2030?"

BEVCOMMITTEE ON CLIMATE CHANGEICE BANPOLICIESUK The Committee on Climate Change that advises the ...

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16/01/2020
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"Explaining EU vehicle emissions targets: can OEMs avoid heavy fines?"

POLICY AND REGULATION   The new average fleet targets that came into force in Europe on...

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Research

Change is the law of life and those who look only to the past or present are certain to miss the future" John F. Kennedy ...

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10/01/2018
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"White Paper Peak Resources – Neodymium and Praseodymium (NdPr) The biggest blind spot in the global commodity market"

Today we are happy to share with you our recent finished white paper and why we believe NdPr is the...

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07/09/2017
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"The future of mobility in India: Challenges and opportunities for the auto component industry"

The Indian automotive industry has started to experience the effects of the global disruption. Elect...

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31/07/2017
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"Report: JRC Wind Energy Status Report – 2016 Edition"

Excellent Report with great Insights on the direct drive permanent magnet wind turbine market A...

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