Know Reasons Why Rare Earth Metal Market Seeking Excellent Growth | Top Leaders- Minmetals Rare Earth Co., Ltd.; Alkane Resources Ltd; ARAFURA RESOURCES; Lynas Corporation Ltd

This Rare Earth Metal Market research report is formulated by using integrated advancements and latest technology to obtain the most excellent results. The information and analysis covered in the Rare Earth Metal Market report brings into light the types of consumers, their preferences about the product, their buying intentions and their ideas about the enhancement of a product. A good number of top competitors are taken into consideration in this report to obtain the insights on strategic industry analysis of the key factors influencing the market. Breakdown and estimations of important industry trends, market drivers, market restraints, market size, market share and sales volume have been explained very well in the report.

Global rare earth metal market is expected to rise to an estimated value of USD 17.49 billion by 2026, registering a substantial CAGR in the forecast period of 2019-2026. This rise in market value can be attributed to the high industrial growth being experienced from various end-use industries.

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Rare earth metals (REM), also known as rare earth elements (REE) are the collection of seventeen chemical elements in the environment. The term rare is given to them not due to the lack of abundance of these elements, rather their presence in the earth’s surface, they are quite difficult to explore as they are dispersed and not concentrated to a particular location.

Competitive Analysis:

Global rare earth metal market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of rare earth metal market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Top Players- Minmetals Rare Earth Co., Ltd.; Alkane Resources Ltd; ARAFURA RESOURCES; Lynas Corporation Ltd; Avalon Rare Metals; Canada Rare Earth Corporation; IREL(INDIA) LIMITED; Greenland Minerals Ltd.; Iluka Resources Limited; Northern Minerals Limited; Rising Nonferrous Metals Co., Ltd; NEO; Rare Element Resources Ltd.; Krakatoa Resources Limited; JIANG XI SOUTH RARE EARTH HI-TECH CO,.LTD and China Rare Earth Holdings Limited among others

Key Developments in the Market:

In August 2019, Government of Malaysia announced that they had extended the operating licenses for processing plant owned and operated by Lynas Corporation Ltd for a duration of six months with a few modifications and conditions, pertaining to finding a suitable location for disposing the radioactive wastes. The licensing also requires the company to present the authorities with a plan for establishing a cracking and leaching facility outside their geographical regions

In June 2019, Krakatoa Resources Limited announced that they had acquired the rights for rare earth project in Western Australia. The project known as Mt. Clere Rare Earth Project is located in Perth and consists of multiple targets, including rare earth elements. The project is spread across an area of 403km2, was acquired with the help of a direct licensing application

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Global Rare Earth Metal Market Segmentation:

Global Rare Earth Metal Market By Material Type (Lanthanum Oxide, Lutetium, Cerium, Praseodymium, Neodymium, Samarium, Erbium, Europium, Gadolinium, Terbium, Promethium, Scandium, Holmium, Dysprosium, Thulium, Ytterbium, Yttrium, Others)

Applications (Permanent Magnets, Catalysts, Glass Polishing, Phosphors, Ceramics, Colorants, Metallurgy, Optical Instruments, Glass Additives, Others)

Sales Channel (Direct Sales, Distributor)

Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa)

What is more, this market report covers a complete study of the product specifications, revenue, cost, price, gross capacity and production. Report also enables to get aware of the extent of the marketing problems. Market segmentation analysis carried out in this global market research report with respect to product type, applications, and geography is very supportive in taking any verdict about the products. Massive data and information of this report is collected from a multiple trustworthy sources such as journals, websites, white papers, annual reports of the companies, and mergers.

Table Of Contents Is Available Here @ https://www.databridgemarketresearch.com/toc/?dbmr=global-rare-earth-metal-market&SH

Key Insights in the report:

Complete and distinct analysis of the market drivers and restraints

Key market players involved in this industry

Detailed analysis of the market segmentation

Competitive analysis of the key players involved

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