The rare earth metals, also known as the rare earth metals or rare-earths, are a group of 17 nearly indistinguishable silvery white, nearly-matte heavy alloys. These metals, which come from the Earth's crust and are extracted through several chemical processes, are used in the electronics industry, in defense applications and in various other industries. The rare earth metals that are extracted are generally not prepared in the mining process, meaning that the alloys and minerals from the earth come to the market with great deformity and are often found in a very limited range of different shapes.

Market Dynamics:

Growing demand for renewable source of energy is expected to foster growth of the rare earth metals market. According to the center for climate change and energy solutions, renewables made up 26.2 percent of global electricity generation in 2018. That’s expected to rise to 45 percent by 2040. Most of the increase will likely come from solar, wind, and hydropower. Rapid growth in the end-user industries is again expected to stimulate growth of the market.

Detailed Segmentation:

Global Rare Earth Metal Market, By Metals:

Neodymium

yttrium

Dysprosium

Terbium

Europium

Cerium

Lanthanum

Global Rare Earth Metal Market, By Application:

Catalysts

Permanent Magnets

Metallurgy & Alloy

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Major Keyplayers: China Northern Rare Earth (Group) High-Tech Co., Ltd, RISING NONFERROUS METALS CO., LTD, China Minmetals Rare Earth Co., Ltd, Aluminum Corporation of China Limited, Lynas Corporation, Ltd., Beijing Zhongke Sanhuan High-tech Co. Ltd., Jiangxi Tungsten Industry Group Co. Ltd., Arafura Resources Ltd., and Alkane Resources Ltd

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