Price of Global Rare Earth Metals Expected to Hike
In a recent statistical analysis, a very interesting report has been unveiled. As a matter of fact, global rare earth metals like neodymium magnets, cerium, phosphors and many others serve many useful purposes. In the year 2012, when calculated their demand was worth USD 3.93 billion. According to the researchers, their demand is expected to be increased by 13.0% in the upcoming years and it will touch USD 8.19 by the year 2018. It is interesting to note that the demand will simultaneously increase to 290 kilo tons.