These materials are used in permanent magnet generators in wind turbines.
The JRC says that in 2020 Europe’s wind industry will use between 326 and 635 tonnes of neodymium and between 22 and 44 tonnes of dysprosium.
But the European Wind Energy Association said that a major shortcoming of the report is the assumption that supply of the rare metals will not increase beyond 2010 levels, despite future supply scenarios being publicly available.