NioCorp SPAC Presentation Deck
Magnetic Rare Earth Elements
NioCorp is currently conducting technical and economic analyses on the potential addition
to its planned product suite of three magnetic rare earth oxides: NdPr, Dy, and Tb.
Tonnes
Global magnetic REE oxide consumption value is forecast to increase 3X by 2035, from
US$15.1 billion in 2022 to US$46.2 billion by 2035.¹
O Global REE markets are forecast to under-produce NdPr, Dy, and Tb oxides from 2022
onward unless significant new supplies are brought online.¹
Historical global consumption and forecast demand for magnet
rare earth oxides by end-use category
250,000
200.000
150,000
MAGNETIC RARE EARTHS: Global Demand to Grow 3X by 2035¹
100,000
50,000
2015
2016
2017
2018
2019
NioCorp
Critical Mineral Security
2020
2021
2022-
2023
2024
2025-
2026
2027
2028
2029-
2030
2031
Automotive
(Passenger & commercial EVs;
micromotors / sensors / speakers;
other e-mobility)
Consumer Electronics,
Appliances, Power Tools
Wind Power
Industrial Applications
Miscellaneous
Growth Rates for Magnetic REE
Consumption by Sector from
20222035¹
Sector
Retail and Commercial EV
Traction Motors
Direct drive and hybrid
drive wind power
generators
Automotive micromotors,
sensors, and car speakers
Industrial motors, pumps,
generators, robotics
Electronics, appliances,
power tools
All other uses
CAGR
14.0%
13.0%
4.9%
4.2%
4.1%
12.6%
Automotive market requires
significant REEs with EV traction
expected to drive a 14.1% CAGR¹
Global Magnetic REE Demand Drivers
GHG reductions
driven by greater
use of electric
vehicles and
other tech.
Demand for
magnetic rare earths
is expected to grow
by more than 150%
from 2020 to 2030¹
Demand for direct
drive and hybrid
drive wind turbines
requires significant
REE volumes
Demand expected to
grow at 13.0% CAGR
by 2035¹
Acute global
supply shortages
of magnetic
REES are
forecast
Shortages of rare
earth alloys for
magnets forecast to
be equal to one-third
of the total market by
2035¹
Subject to further studies and ongoing analysis on the economic
viability of extracting REEs after taking account of all relevant factors
1 "Rare Earth Magnet Market Outlook to 2035," Adamas Intelligence, 2022.
All REE calculations carried on an elemental basis.
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