The development of new high-efficiency magnets and/or electric traction motors using a limited amount of critical rare earths or none at all is crucial for the large-scale deployment of electric vehicles (EVs) and related applications, such as hybrid electric vehicles (HEVs) and e-bikes. For these applications, we estimated the short-term demand for high-performing NdFeB magnets and their constituent rare earths: neodymium, praseodymium and dysprosium. In 2020, EV, HEV and e-bike applications combined could require double the amount used in 2015.
In July the 2017 Sustainable Development Goals (SDG) Business Forum recognised the critical role of business in delivering on the promise of sustainable and inclusive development. In this article, we elaborate on the SDG business case, and how businesses can engage with the SDG framework; driving business growth and productivity, whilst contributing to the better world envisaged by the 2030 Agenda for Sustainable Development.