Rare Earth Metals Market 2024: Key Players are Iluka Resources Limited, Lynas Corporation, Ltd., Greenland Minerals and Energy Ltd., Northern Minerals Limited, Alkane Resources Ltd, Rising Nonferrous Metals Co., Ltd

The rapidly increasing mining activities across several geographies are likely to revolutionize rare earth metals market, generating highly profitable opportunities for industry participants. The continuous involvement of mineral exploration companies and regional governments in surveying activities to discover untapped mineral resources is also likely to further push production capacity in the future. Driven by the surging use of these metals for various high-tech applications, rare earth metals industry size is expected to surpass a revenue collection of USD 20 billion by the end of 2024.

Sample copy of this report @
https://www.gminsights.com/request-sample/detail/2303

Following the lines of numerous industry verticals, rare earth metals market has also succumbed to the vast expanse of technology, emerging as a pivotal sphere of the polymers space. In the current scenario, numerous electronic components ranging from computer hard drives and cellular phones to electronic displays and hybrid vehicles have been deploying rare earth metals.

Despite China being a near dominant player currently is rare earth metals industry, other countries including U.S. and Japan have also been working toward making their presence felt across this vertical. The rapid increase in the exploration of new sites across the various geographies is poised to boost rare earth metals market trends over the years ahead.

Presently, it has been observed that many countries are dependent on China for rare earth metals, owing to the fact that the country houses numerous mining sites. However, other excavation sites are being unearthed for these metals, in the process of which myriad geographies are becoming a crucial part of the regional landscape of rare earth metals market. Recently, Japanese researchers have successfully found a new mining site in the southeast region of Tokyo.

Browse Complete Summary of this report @
https://www.gminsights.com/industry-analysis/rare-earth-metals-market

A survey by the United States Geological Survey, in 2017, global deposits of rare earths amounted to 120 million tons. China holds a lion’s share of this value and is currently the world’s leading producer of rare earth metals. However, rather than exporting them to other countries, the nation is looking forward to using the metals for domestic technology applications. The fact that the Chinese government is encouraging foreign investments to speed up rare earth metals exploration activities provides further evidence to the aforementioned statement. The supportive stand taken by Chinese policymakers for promoting the excavation and exploration activities is thus likely to propel China rare earth metals market share.

Speaking along the same lines, recurring geopolitical objectives about the essential use of rare earth metals for consumer electronics products and renewable energy technologies is also expected to have a commendable impact on future product requirement. For instance, the Japanese government has deployed favorable policies and strategies for encouraging natural resource management activities.

Taking into account the potential that this vertical holds, rare earth metals market giants have been making major investments in numerous drilling programs across several geographies. Validating the aforementioned fact, a few days before, the Canada headquartered mineral exploration and development company, Mkango Resources Ltd. took a step forward to carry out drilling in the East-African country, Malawi.

Another collaboration of the company with Metalysis Ltd., in 2017 focused advanced alloy manufacturing with praseodymium and neodymium. These permanent magnets are essential components of green energy technologies such as electric vehicles and wind turbines. The shifting trends toward the adoption of renewable energy facilities across the globe is thus poised to stimulate rare earth metals industry share over the years ahead.

Make an inquiry for purchasing this report @
https://www.gminsights.com/inquiry-before-buying/2303

Partial Chapter of the Table of Content:

Chapter 3. Rare Earth Metals Industry Insights
3.1. Industry segmentation
3.2. Industry size and forecast, 2013 - 202
3.3. Industry ecosystem analysis
3.3.1. Profit margin
3.3.2. Value addition
3.3.3. Distribution channel analysis
3.3.4. Vendor matrix
3.3.4.1. List of key manufacturers/suppliers
3.3.4.2. List of key/potential customers
3.4. Raw material trends
3.4.1. U.S.
3.4.2. China
3.4.3. Europe
3.5. Industry impact forces
3.5.1. Growth drivers
3.5.1.1. High demand for clean energy
3.5.1.2. Growing demand from emerging technologies such as electric vehicles, and hybrid vehicles
3.5.2. Industry pitfalls & challenges
3.5.2.1. Discrepancies in supply and demand
3.5.2.2. Fluctuating prices
3.5.2.3. Illegal mining activities in China
3.6. Regulatory trends
3.6.1. U.S.
3.6.2. Europe
3.6.3. China
3.7. Growth potential analysis
3.8. Competitive landscape
3.8.1. Company market share, 2016
3.8.2. Strategy dashboard
3.8.3. Patent analysis
3.9. Porter’s analysis
3.9.1. Buyer’s power
3.9.2. Supplier’s power
3.9.3. Threat of substitutes
3.9.4. Threat of new entrants
3.9.5. Degree of competition
3.10. Regional price trends
3.10.1. Cost structure analysis
3.10.1.1. R&D cost
3.10.1.2. Manufacturing & equipment cost
3.10.1.3. Raw material cost
3.10.1.4. Distribution cost
3.10.1.5. Operating cost
3.10.1.6. Miscellaneous cost
3.10.2. Price by meta
3.10.3. Price by application
3.11. PESTEL analysis

Chapter 4. Rare Earth Metals Market, Metals By Metals

4.1. Rare earth metals market share end-user by application, 2016 & 2024
4.2. Cerium
4.3. Dysprosium
4.4. Erbium
4.5. Europium
4.6. Gadolinium
4.7. Holmium
4.8. Lanthanum
4.9. Lutetium
4.10.Praseodymium
4.11.Promethium
4.12.Samarium
4.13.Scandium
4.14.Terbium
4.15.Thulium
4.16.Ytterbium

Chapter 5. Rare Earth Metals Market, By Application

5.1. Rare Earth Metals Market share by applications, 2016 & 2024
5.2. Magnets
5.3. Colorants
5.4. Alloys
5.5. Optical instruments
5.6. Catalysts

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1 888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com

This release was published on openPR.