Rare Earths (REE) Global Market Forecast to 2034, Historical Data of 2019-2024, Supply and Demand, Volume and Value, Manufacturers, Prices, Upstream and Downstream Trends
About the market
- Rare earth elements (REE) or rare earth minerals are a group of 17 elements, which includes the 15 lanthanoids and two transition metals (scandium and yttrium); some tend to use the term ‘rare earth minerals’ for a broader range of elements including there, e.g. lithium, cobalt, graphite, etc., but it is not correct as those are critical minerals
- global demand for rare earths increased substantially in the last 5 years due to their importance in in diverse industrial and high-technology applications, including clean energy, defence , aerospace, electronics, automotive
- long before their high popularity and demand, China became the dominant player in the global rare earths market – now the country concentrates about 90% of total world RRE processing capacity and controls nearly 70% of their production
- to lower dependence on China, countries and corporations began diversifying rare earths supply chains, leading to new investments in REE exploration in Australia, USA, Africa, etc.; processing facilities are also planned or being built outside China
- one of the latest focus of interest has become Greenland which rare earths deposits are attracting intense attention from the USA and the European Union
- thus, REE supply chain diversification is expected in the next years with Western governments investing in domestic processing capabilities and development of alternative processing technologies
- global rare earths demand is foreseen to demonstrate CAGR of 8% in the next 10 years backed by a wide range of supporting factors; clean energy applications will provide 85% of growth
- among the key factors of future RRE demand growth are continued EV adoption despite slower growth rates, further investment in renewable energy infrastructure, growing use in defense, 5G and AI technology deployment, etc.
- the main application of rare earths has been and will continue to be the production of permanent magnets (it is forecasted to account for 49% of total global demand within the 10-year period); the production of catalysts will be on the second place with 27% share by 2034
Key Questions Answered in the Report
- What were the main trends of global rare earths market in 2019-2024?
- What was global rare earths supply/demand balance in 2019-2024?
- What are the main players in global rare earths market?
- What drivers and challenges will determine the development of the global rare earths market in the next 5-10 years?
- What will be the possible restrains for global rare earths market growth?
- What will be the CAGRs for global rare earths supply and demand?
- Are there rare earths projects to be completed in 2025-2034?
- And many other
Report Scope
Parameter | Details |
---|---|
Geographical Scope | World
Regions Countries |
Timeframe | Present situation
Historical background Ten-year forecast |
Insights of global/regional market | Supply/demand trends
Prices dynamics 10-year market forecast Supply/demand forecast, projects Downstream markets |
Insights of a country market | Production/consumption
Export and import Manufacturers Prices |
Products covered | Neodymium (Nd)
Cerium (Ce) Lanthanum (La) Praseodymium (Pr) Yttrium (Y) Terbium (Tb) And others |
Downstream markets | Permanent magnets
Catalysts Metallurgy and alloys Electronics and phosphors Battery technologies Other |
*Please note that "Rare Earths (REE) Market Forecast, Trends, Supply and Demand, Prices, Projects, Manufacturers" is a half ready publication and contents are subject to changes and additions. We have all data necessary for report preparation but it needs to be retrieved from our databases, organized in a report, updated with the latest information and thus the complete study will be presented. This process takes 4-5 business days after the order is placed. Thus, our clients always obtain a revised and updated version of each report. Please note that we do not charge for an updating procedure.
RESEARCH METHODOLOGY AND DATA SOURCES
1. INTRODUCTION: RARE EARTHS PROPERTIES AND USES
2. RARE EARTHS PRODUCTION
3. RARE EARTHS SUPPLY IN THE GLOBAL MARKET
3.1. World rare earths reserves
– Rare earths reserves broken down by region
– Rare earths reserves divided by country
3.2. World rare earths production in 2020-2024
– Rare earths global output dynamics
– Rare earths production by region
– Rare earths production by country
4. RARE EARTHS DEMAND IN THE GLOBAL MARKET
4.1. Global rare earths demand in 2020-2024 (volume and value)
4.2. Global rare earths demand by region in 2020-2024 (volume and value)
– Europe
– Asia Pacific
– North America
– Latin America
– Middle East and Africa
5. RARE EARTHS GLOBAL TRADE
5.1. World rare earths trade dynamics
5.2. Rare earths export and import flows in regions
6. RARE EARTHS PRICES IN 2020-2024
7. RARE EARTHS MARKETS ANALYSIS BY COUNTRY
Rare earths supply/demand, prices, export/import in
7.1. European countries
– Denmark
– Estonia
– Germany
– Netherlands
– France
– Ukraine
– United Kingdom
– Other countries
7.2. CIS countries
– Kazakhstan
– Russia
– Uzbekistan
7.3. Asia Pacific countries
– Australia
– China
– Japan
– Malaysia
– South Korea
– Thailand
– Other countries
7.4. Americas countries
– Brazil
– Canada
– USA
8. GLOBAL RARE EARTHS SUPPLY FORECAST
8.1. World rare earths capacity forecast
8.2. World rare earths production forecast 2025-2034
9. GLOBAL RARE EARTHS DEMAND IN THE GLOBAL MARKET
9.1. Global rare earths demand forecast in 2025-2034 (volume and value)
9.2. Global rare earths demand forecast by region in 2025-2034 (volume and value)
10. RARE EARTHS PRICES FORECAST IN 2025-2034
11. COUNTRIES RARE EARTHS MARKETS FORECAST IN 2025-2034
11.1. European countries
– Denmark
– Estonia
– Germany
– Netherlands
– France
– Ukraine
– United Kingdom
– Other countries
11.2. CIS countries
– Kazakhstan
– Russia
– Uzbekistan
11.3. Asia Pacific countries
– Australia
– China
– Japan
– Malaysia
– South Korea
– Thailand
– Other countries
11.4. Americas countries
– Brazil
– Canada
– USA
12. RARE EARTHS UPSTREAM AND DOWNSTREAM MARKET TRENDS AND FORECAST
Ask a question or Order by email
Our Partners & Customers






