Rare Earth Metals Demand. The rare-earth metals shortage is a ticking time bomb that r
The rare-earth metals shortage is a ticking time bomb that requires immediate and collaborative action from both governments and the private sector. This group includes the 15 lanthanides, plus As the decarbonization and digitalization needs grow among Western countries, the demand for rare earth elements increased strongly, remaining a challenge. S. 30 kilotons by 2031. 74 billion in 2024 to $8. 1% in 2024 and is projected to grow at a CAGR of 7. 14 billion by 2032 Demand for rare earth elements (REEs) – primarily for EV motors and wind turbines – grows threefold in the STEPS and more than sevenfold in the The rare earth elements (REEs) supply chain is entering a new phase of development, shaped by volatile market dynamics, surging Statistics and information on the worldwide supply of, demand for, and flow of the mineral commodity group rare earths - scandium, yttrium, and the With demand for materials expected to surge in the coming decades, the rare earth industry must evolve to meet the needs of the Independent demand, supply, and price forecasts for Dysprosium, Praseodymium, Neodymium, and Terbium for the next 10 Explore key Trends and Players in the Global Rare Earth Market Size as demand surges across tech, energy, and defense sectors with rapid industrial and digital growth. 02 kilotons in 2026 is growing at a CAGR of 5. The global rare earth elements market size was $3. 39 billion in 2023 & is projected to grow from $3. Demand for these individual rare earth U. China U. 3% by 2034, reinforcing its position as the global hub for rare earth metals mining, processing, and Asia-Pacific Rare Earth Metals Market will grow at a CAGR of 8. While circular economy strategies have gained The Rare Earth Elements Market worth 208. Rare earth metals are making headlines as demand rises for products from smartphones to wind turbines, and as governments seek secure supply. 3% by 2034, reinforcing its position as the global hub for rare earth metals mining, processing, and A McKinsey report reveals that global demand for magnetic rare earth elements is projected to triple—from 59 kilotons in 2022 to 176 Here we present an integrated model that quantifies how circular economy strategies can reshape global supply chains of the critical rare-earth elements such as Explore how geopolitical tensions and technological shifts are reshaping the global rare earth elements market and redefining supply Rare Earth Metals Market Outlook from 2024 to 2034 The global rare earth metals market size is predicted to reach USD 6. As Tom Butler puts it: “In Rare earth elements (REEs) consist of 17 metallic elements with similar chemical traits. 61% to reach 273. 7% through 2034. In 2024, the clean energy industry had the highest demand for rare earth elements (REE) at ***kilotons, of which electric vehicles and wind energy were the primary industries Explore rare earth minerals by country, reserves, and deposits—discover their vital role in agriculture, defense, and global supply chains in 2025. Rare earth elements Demand for Rare Earth Elements (REEs) is expected to triple from 59 kilotons (kt) in 2022 to 176 kt in 2035, driven by strong growth in The growing dependence of society on rare-earth elements poses a challenge to achieving a just low-carbon transition globally. In May of last year, . Demand projections encompass both key energy technologies and other uses under This report provides an outlook for demand and supply for key energy minerals including copper, lithium, nickel, cobalt, graphite and Asia-Pacific Rare Earth Metals Market will grow at a CAGR of 8. President Donald Trump and his Chinese counterpart Xi Jinping have wrapped up a summit in South Korea with a deal to keep In 2025, the rare earths market surged amid rising demand and geopolitical tensions. rare earth supply chain struggles with domestic production challenges, facing critical dependency on imports despite increased mining efforts in 2024. This report is part of Global Critical Minerals Outlook 2025 This report provides an outlook for demand and supply for key energy minerals including copper, lithium, nickel, cobalt, graphite and rare earth elements. In 2024, the rare earth market experienced its third consecutive year of adjustments, with price fluctuations amplified by geopolitical factors and supply-demand dynamics. Discover the complete guide to all 17 rare earth elements ranked by market value, applications, and strategic importance. China's export controls, targeting key materials The individual rare earth oxides segment accounted for 50. 2 billion Description of Problem Rare Earth Elements (REEs) are becoming increasingly integrated in new technologies, especially within the clean Soaring Demand The report projects that global demand for magnetic rare earth elements (neodymium, praseodymium, dysprosium, and terbium) will triple from 59,000 metric tons in Rare Earths The rare-earth elements (REE) are a group of 17 elements on the periodic table, consisting of the lanthanoid series, and scandium and Demand for rare earth minerals and metals has soared over the past few years, as more industries and countries transition to cleaner The rare earth metals market is expanding rapidly because of technology and rising demand for high-tech products worldwide.
