1. Market Research
  2. > Materials
  3. > Metals Market Trends
  4. > World Rare Earth Market

World Rare Earth Market

  • November 2015
  • -
  • Freedonia
  • -
  • 318 pages

Study coverage

This report presents historical demand and mine production data (2004, 2009, 2014) plus forecasts (2019, 2024) by product and market in six world regions and 13 major countries. The study also considers key market environment factors, evaluates company market share, and profiles 30 industry players such as China Northern Rare Earth Group High-Tech, Lynas, and Molycorp

World demand to rise 3.5% annually through 2019

Worldwide demand for rare earths is projected to increase 3.5 percent per annum to 149,500 metric tons in 2019, valued at $4.5 billion. The best prospects are forecast for the permanent magnets segment, boosted by expanding production of advanced neodymium magnets for applications such as wind turbines and hybrid and electric vehicles (H/EVs). Growing output of nickel-metal hydride (Ni-MH) batteries is also expected to boost rare earths consumption, although strong competition from sales of lithium-ion batteries will prevent faster market expansion. In addition, upgrades to oil refining sectors in emerging countries are projected to fuel global catalytic cracking capacity, supporting the production of fluid cracking catalysts and associated demand for lanthanum and cerium. Among other major markets, rising production of steel, motor vehicles, and electronics is expected to stimulate the consumption of rare earths.

Ongoing weakness in rare earth prices is also expected to bolster demand volumes, promoting a shift back to rare earth-based catalysts, polishing powders, and other products that manufacturers abandoned amid the 2010-2012 price spike. Nevertheless, lingering wariness of price volatility will support the continued usage of alternative low- and zero-rare earth products, limiting stronger market advances through 2019

China to remain dominant, India to post fastest gains

China is expected to remain the leading consumer of rare earths, accounting for two-thirds of global demand in 2019. Growth in the Chinese market will be stimulated by healthy increases in the country’s output of neodymium magnets, Ni-MH batteries, and refinery products. Japan will represent the second largest global market, benefiting from a large domestic electronics manufacturing sector, and robust demand for rare earths in the production of batteries, magnets, and polishing powders.
The fastest gains of any major market worldwide are projected for India, where heightened domestic shipments of motor vehicles and metal alloys, as well as expanding catalytic cracking capacity, are expected to boost rare earths consumption. India is also developing local production of rare earth magnets, although this market will remain small in the near term.

Global supply to rebound despite weak prices

China will continue to account for the majority of rare earths mining output through 2019, although its share of total production is expected to drop as a number of new projects in Canada, Tanzania, South Africa, and other countries begin commercial production. Major output increases are also expected in Australia as Lynas continues to ramp up production following capacity expansions. However, junior mining companies will struggle to obtain investments for new ventures as rare earth prices remain depressed. Prices are expected to remain weak, due in part to rampant illegal mining in China.

Table Of Contents

World Rare Earth Market
INTRODUCTION xi
I. EXECUTIVE SUMMARY 1
II. MARKET ENVIRONMENT 4
General 4
World Economic Overview 5
Recent Historical Trends 5
World Economic Outlook 6
World Demographic Outlook 9
World Manufacturing Outlook 11
World Permanent Magnets Trends 14
World Petroleum Refining Outlook 16
World Rechargeable Battery Outlook 19
World Crude Steel Production Trends 21
World Electronic Equipment Outlook 23
World Motor Vehicle Outlook 25
World Motor Vehicle Production Trends 26
Hybrid and Electric Vehicles 29
Technology 30
Production and Processing Technologies 32
Emerging Technologies 35
Recycling 36
Competitive Materials 37
Pricing Trends 39
Environmental and Regulatory Considerations 45
III. WORLD RARE EARTHS SUPPLY and DEMAND 48
General 48
Regional Overview 49
Demand 49
Production 53
China 56
Rest of World 57
United States 58
India 59
Australia 59
Russia 60
Other Countries 61
Reserves 62
International Trade 64
Demand by Product 65
Cerium 68
Lanthanum 71
Neodymium 73
Praseodymium 75
Yttrium 77
Other Rare Earths 79
Dysprosium 81
Gadolinium 81
Samarium 82
Terbium 82
Europium 82
All Other 83
Demand by Market 83
Permanent Magnets 86
Glass, Polishing, and Ceramics 90
Fluid Cracking Catalysts 92
Metal Processing 94
Battery Alloys 96
Autocatalysts 98
Phosphors 100
Other Markets 103
IV. NORTH AMERICA 107
Economic Overview 107
Rare Earths Products and Suppliers 108
Rare Earths Markets 111
United States 112
Canada 118
Mexico 123
V. WESTERN EUROPE 129
Economic Overview 129
Rare Earths Products and Suppliers 130
Rare Earths Markets 133
France 134
Germany 140
United Kingdom 145
Italy 150
Other Western Europe 156
VI. ASIA/PACIFIC 163
Economic Overview 163
Rare Earths Products and Suppliers 164
Rare Earths Markets 167
China 168
Japan 175
South Korea 182
India 187
Taiwan 193
Other Asia/Pacific 198
VII. OTHER REGIONS 204
Central and South America 204
Economic Overview 204
Rare Earths Products and Suppliers 205
Rare Earths Markets 208
Eastern Europe 209
Economic Overview 209
Rare Earths Products and Suppliers 211
Rare Earths Markets 213
Russia 214
Other Eastern Europe 219
Africa/Mideast 224
Economic Overview 224
Rare Earths Products and Suppliers 226
Rare Earths Markets 228
VIII. INDUSTRY STRUCTURE 230
General 230
Industry Composition 230
Market Share 233
Marketing and Distribution 237
Mergers, Acquisitions, and Divestitures 238
Cooperative Agreements 241
Company Profiles 246
Alkane Resources Limited 247
Aluminum Corporation of China Limited 248
Arafura Resources Limited 249
Avalon Rare Metals Incorporated 251
Baotou Huamei Rare Earth Hi-Tech, see China Northern
Rare Earth Group High-Tech
Baotou Ruixin Rare Earth Metal Materials, see China
Northern Rare Earth Group High-Tech
Baotou Showa Rare Earth Hi-Tech New Materials,
see China Northern Rare Earth Group High-Tech
Baotou Tianjiao Kiyomi Rare Earth Polishing Powder,
see China Northern Rare Earth Group High-Tech
Changting Jinlong Rare Earth, see Xiamen Tungsten
China Minmetals Corporation 253
China Nonferrous Metal Industry's Foreign Engineering
and Construction Company Limited 255
China Northern Rare Earth Group High-Tech
Company Limited 257
China Rare Earth Holdings Limited 261
China Rare Rare-Earth, see Aluminum Corporation
of China
China Southern Rare Earth Group, see Ganzhou Rare
Earth Group, Jiangxi Copper, and Jiangxi Rare Earth
and Rare Metals Tungsten Group
Frontier Rare Earths Limited 263
Ganoderma Zibo Baotou Rare Earth Hi-Tech, see China
Northern Rare Earth Group High-Tech
Ganzhou Chenguang Rare Earths New Material,
see China Northern Rare Earth Group High-Tech
Ganzhou Qiandong Rare Earth Group Company Limited 265
Ganzhou Rare Earth Group Company Limited 267
Great Western GQD Rare Earth Materials Proprietary,
see Ganzhou Qiandong Rare Earth Group and Great
Western Minerals Group
Great Western Minerals Group Limited 268
Greenland Minerals and Energy Limited 271
GRINM Advanced Materials Company Limited 273
Grirem Advanced Materials, see GRINM Advanced
Materials
Guangdong Zhujiang Rare Earth, see China Nonferrous
Metal Industry's Foreign Engineering and
Construction
Guangzhou Jiangfeng Minmetals Rare Earth, see China
Minmetals
Iluka Resources Limited 276
Indian Rare Earths Limited 277
Inner Mongolia Baotou Steel Rare-Earth Group Hi-Tech,
see China Northern Rare Earth Group High-Tech
Inner Mongolia Baotou Steel Rare Earth Magnetic
Material, see China Northern Rare Earth Group HighTech
Jiangsu Guosheng Rare-earth, see GRINM Advanced
Materials
Jiangxi Copper Corporation 279
Jiangxi Golden Century Advanced Materials, see Jiangxi
Rare Earth and Rare Metals Tungsten Group
Jiangxi Rare Earth and Rare Metals Tungsten
Group Corporation 280
Jiangxi Tungsten Industry Group, see China Minmetals
and Jiangxi Rare Earth and Rare Metals Tungsten
Group
Jiangyin Jiahua Advanced Material Resources, see
Molycorp
Langfang GANS Magnetic Material, see GRINM
Advanced Materials
Leshan Grirem Advanced Materials, see GRINM
Advanced Materials
Less Common Metals, see Great Western Minerals Group
Lynas Corporation Limited 283
Medallion Resources Limited 285
Molycorp Incorporated 287
Pele Mountain Resources Incorporated 291
Quest Rare Minerals Limited 293
Rare Earth Extraction, see Great Western Minerals Group
Rare Element Resources Limited 294
Rising Nonferrous Metals Company Limited 297
Shin-Etsu Chemical Company Limited 298
Sichuan Jiangxi Copper Rare Earth, see Jiangxi Copper
Solvay SA 301
Treibacher Industrie AG 305
Ucore Rare Metals Incorporated 306
Xiamen Tungsten Company Limited 308
Other Companies Involved in the Rare Earths Industry 310

LIST OF TABLES

SECTION I -- EXECUTIVE SUMMARY
Summary Table 3
SECTION II -- MARKET ENVIRONMENT
1 World Gross Domestic Product by Region 9
2 World Population by Region 11
3 World Manufacturing Value Added by Region 14
4 World Permanent Magnet Shipments by Type and Region 16
5 World Refined Petroleum Liquids Production by Region 19
6 World Rechargeable Battery Shipments by Region 21
7 World Crude Steel Production by Region 23
8 World Electronic Equipment Manufacturing Value Added
by Region 25
9 World Motor Vehicle Production by Type and Region 28
10 World Hybrid and Electric Vehicle Production by Type and Region 30
11 The Rare Earth Elements 32
12 China's Rare Earth Export Quotas, 2004-2014 41
13 World Rare Earth Prices 43
SECTION III -- WORLD RARE EARTHS SUPPLY and
DEMAND
1 World Rare Earths Demand by Region 52
2 World Rare Earths Mine Production by Region 54
3 Selected Rare Earths Mine Projects 58
4 World Rare Earths Reserves by Country, 2014 64
5 World Rare Earths Demand by Product 66
6 World Cerium Demand by Market and Region 70
7 World Lanthanum Demand by Market and Region 72
8 World Neodymium Demand by Market and Region 74
9 World Praseodymium Demand by Market and Region 76
10 World Yttrium Demand by Market and Region 78
11 World Demand for Other Rare Earths by Product, Market
and Region 80
12 World Rare Earths Demand by Market 84
13 World Permanent Magnet Market for Rare Earths by Region 89
© 2015 by The Freedonia Group, Inc. viii
14 World Glass, Polishing, and Ceramics Market for Rare Earths
by Region 92
15 World Fluid Cracking Catalyst Market for Rare Earths
by Region 94
16 World Metal Processing Market for Rare Earths by Region 96
17 World Battery Alloy Market for Rare Earths by Region 98
18 World Autocatalyst Market for Rare Earths by Region 100
19 World Phosphors Market for Rare Earths by Region 103
20 World Demand for Rare Earths in Other Markets by Region 106
SECTION IV -- NORTH AMERICA
1 North America: Rare Earths Demand by Product 110
2 North America: Rare Earths Demand by Market 112
3 United States: Rare Earths Demand by Product 115
4 United States: Rare Earths Demand by Market 117
5 Canada: Rare Earths Demand by Product 121
6 Canada: Rare Earths Demand by Market 123
7 Mexico: Rare Earths Demand by Product 126
8 Mexico: Rare Earths Demand by Market 128
SECTION V -- WESTERN EUROPE
1 Western Europe: Rare Earths Demand by Product 132
2 Western Europe: Rare Earths Demand by Market 134
3 France: Rare Earths Demand by Product 138
4 France: Rare Earths Demand by Market 140
5 Germany: Rare Earths Demand by Product 143
6 Germany: Rare Earths Demand by Market 145
7 United Kingdom: Rare Earths Demand by Product 148
8 United Kingdom: Rare Earths Demand by Market 150
9 Italy: Rare Earths Demand by Product 154
10 Italy: Rare Earths Demand by Market 156
11 Other Western Europe: Rare Earths Demand by Product
and Country 160
12 Other Western Europe: Rare Earths Demand by Market 162
SECTION VI -- ASIA/PACIFIC
1 Asia/Pacific: Rare Earths Demand by Product 166
2 Asia/Pacific: Rare Earths Demand by Market 168
3 China: Rare Earths Demand by Product 172
4 China: Rare Earths Demand by Market 175
5 Japan: Rare Earths Demand by Product 179
6 Japan: Rare Earths Demand by Market 181
7 South Korea: Rare Earths Demand by Product 185
8 South Korea: Rare Earths Demand by Market 187
9 India: Rare Earths Demand by Product 191
10 India: Rare Earths Demand by Market 193
11 Taiwan: Rare Earths Demand by Product 196
12 Taiwan: Rare Earths Demand by Market 198
13 Other Asia/Pacific: Rare Earths Demand by Product 201
14 Other Asia/Pacific: Rare Earths Demand by Market 203
SECTION VII -- OTHER REGIONS
1 Central and South America: Rare Earths Demand by Product 207
2 Central and South America: Rare Earths Demand by Market 209
3 Eastern Europe: Rare Earths Demand by Product 212
4 Eastern Europe: Rare Earths Demand by Market 214
5 Russia: Rare Earths Demand by Product 217
6 Russia: Rare Earths Demand by Market 219
7 Other Eastern Europe: Rare Earths Demand by Product 222
8 Other Eastern Europe: Rare Earths Demand by Market 224
9 Africa/Mideast: Rare Earths Demand by Product 227
10 Africa/Mideast: Rare Earths Demand by Market 229
SECTION VIII -- INDUSTRY STRUCTURE
1 World Rare Earth Sales by Company, 2014 232
2 Selected Consolidation Activities in China's Rare Earths
Industry 239
3 Selected Acquisitions and Divestitures 241
4 Selected Cooperative Agreements 243
5 Memorandums of Understanding and Other Agreements 245

LIST OF CHARTS

SECTION II -- MARKET ENVIRONMENT
1 World Rare Earth Prices, 2004-2024 44
SECTION III -- WORLD RARE EARTHS SUPPLY and
DEMAND
1 World Rare Earths Demand, 2004-2014 53
2 World Rare Earths Mine Production by Country, 2014 and 2024 55
3 World Rare Earths Demand by Product, 2014 67
4 World Rare Earths Demand by Market, 2014 85
SECTION IV -- NORTH AMERICA
1 North America: Rare Earths Demand by Country, 2014 111
SECTION V -- WESTERN EUROPE
1 Western Europe: Rare Earths Demand by Country, 2014 133
SECTION VI -- ASIA/PACIFIC
1 Asia/Pacific: Rare Earths Demand by Country, 2014 167
SECTION VIII -- INDUSTRY STRUCTURE
1 World Rare Earths Market Share, 2014 233

View This Report »

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 24 Million searchable statistics with tables, figures & datasets
  • More than 10,000 trusted sources
24/7 Customer Support

Talk to Ahmad

+1 718 618 4302

Purchase Reports From Reputable Market Research Publishers
Inorganic Scintillators Market by Scintillation Material, Type, & Application - Analysis & Global Forecast to 2021

Inorganic Scintillators Market by Scintillation Material, Type, & Application - Analysis & Global Forecast to 2021

  • $ 5650
  • Industry report
  • October 2016
  • by MarketsandMarkets

The inorganic scintillators market is projected to reach USD 330.7 million by 2021 from USD 256.1 million in 2016, at a CAGR of 5.2% in the next five years (2016 to 2021). The inorganic scintillators market ...

Global and Chinese Rare Earth Metal Industry, 2016 Market Research Report

Global and Chinese Rare Earth Metal Industry, 2016 Market Research Report

  • $ 3000
  • Industry report
  • November 2016
  • by Prof Research

The ’Global and Chinese Rare Earth Metal Industry, 2011-2021 Market Research Report’ is a professional and in-depth study on the current state of the global Rare Earth Metal industry with a focus on ...

Global and Chinese Rare Earth Elements Industry, 2016 Market Research Report

Global and Chinese Rare Earth Elements Industry, 2016 Market Research Report

  • $ 3000
  • Industry report
  • November 2016
  • by Prof Research

The ’Global and Chinese Rare Earth Elements Industry, 2011-2021 Market Research Report’ is a professional and in-depth study on the current state of the global Rare Earth Elements industry with a focus ...


ref:plp2015

Reportlinker.com © Copyright 2016. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.