As of 2025, EV motors were one of the main drivers of magnet rare earth demand globally. Demand volume from EV motors stood at around **** kilotons of REE equivalent that year, and was expected to grow by over *** percent by 2035.Â
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how ÌÇÐÄÆƽâ°æ can support your business.
IEA. (April 8, 2026). Global magnet rare earth demand volume as of 2025 with forecast in 2035, by main application (in 1,000 tons of REE equivalent) [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved July 20, 2026, from /statistics/1660905/global-magnet-rare-earth-demand-by-application/
IEA. "Global magnet rare earth demand volume as of 2025 with forecast in 2035, by main application (in 1,000 tons of REE equivalent)." Chart. April 8, 2026. ÌÇÐÄÆƽâ°æ. Accessed July 20, 2026. /statistics/1660905/global-magnet-rare-earth-demand-by-application/
IEA. (2026). Global magnet rare earth demand volume as of 2025 with forecast in 2035, by main application (in 1,000 tons of REE equivalent). ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: July 20, 2026. /statistics/1660905/global-magnet-rare-earth-demand-by-application/
IEA. "Global Magnet Rare Earth Demand Volume as of 2025 with Forecast in 2035, by Main Application (in 1,000 Tons of Ree Equivalent)." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 8 Apr 2026, /statistics/1660905/global-magnet-rare-earth-demand-by-application/
IEA, Global magnet rare earth demand volume as of 2025 with forecast in 2035, by main application (in 1,000 tons of REE equivalent) ÌÇÐÄÆƽâ°æ, /statistics/1660905/global-magnet-rare-earth-demand-by-application/ (last visited July 20, 2026)
Global magnet rare earth demand volume as of 2025 with forecast in 2035, by main application (in 1,000 tons of REE equivalent) [Graph], IEA, April 8, 2026. [Online]. Available: /statistics/1660905/global-magnet-rare-earth-demand-by-application/
