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Rare Earth Metals Market Expected to Reach New Heights, Future Growth Projections and Emerging Trends

09-10-2024 11:00 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Vantage Market Research

/ PR Agency: Vantage Market Research
Rare Earth Metals Market

Rare Earth Metals Market

The Global Rare Earth Metals Market was valued at USD 5.5 Billion in 2024, and is anticipated to reach USD 15.8 Billion by 2032, exhibiting a CAGR of 12.45% during the forecast period 2024 to 2032.

The study targets the Rare Earth Metals Market size and future growth potential across various segments including delivery type, end-users, and geographic locations. The base year used to determine the market size of Rare Earth Metals Market ranges from 2024 to 2032.

The second research element of the research technique to evaluate and forecast the market to collect information on the income of major suppliers. The offers of the suppliers were also taken into account in the market segmentation. A bottom-up methodology was used to estimate the overall global Rare Earth Metals Market size based on revenue generated by key market players.

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Top Companies of Rare Earth Metals Market

• China Rare Earth Holdings Limited
• Avalon Advanced Materials Inc.
• Bataou HEFA Rare Earth Co. Ltd
• Canada Rare Earth Corporation
• Northern Minerals Limited
• MP Materials
• Shenghe Resources Holding Co. Ltd.
• Bechtel Mining and Metals

Scope Of The Rare Earth Metals Market

Emerging trends. The report on the Rare Earth Metals Market provides a comprehensive view of the market's future needs and potential opportunities. It also includes information about the key market players and their respective roles. Based on key market dynamics and growth-improving variables, this Rare Earth Metals Market report calculates the market value as well as the growth rate. All of the information used in this study is current industry news, market trends, as well as growth probabilities. The study also includes a detailed analysis of the market and competitor scenario, as well as a SWOT analysis for the most prominent competitors.

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Global Rare Earth Metals Market Segmentation

By Type
• Lanthanum
• Cerium
• Praseodymium
• Neodymium
• Samarium
• Gadolinium
• Terbium
• Dysprosium
• Yttrium
• Others

By Application
• Permanent Magnets
• Catalysts
• Glass Polishing
• Phosphors
• Ceramics
• Metal Alloys
• Glass Additives
• Others

After the overall market size was determined, it was divided into a number of segments and sub-segments. These segments and sub-segments were then validated through basic research conducted through in-depth interviews with key individuals such as CEOs, VPs, directors, and executives. Data triangulation and market segmentation techniques have been employed to complete the entire market development process and produce accurate statistics for all segments and sub-segments.

Key Aspects Of The Report Include

★ In-depth study of global Rare Earth Metals Market: and fluctuating dynamics.

★ Detailed market segmentation.

★ Size of markets in terms of volume and value over time, current and future

★ Current developments and trends - Competitive global market environment Rare Earth Metals Market.

★ Strategy and products of major players.

★ Potential Markets and Isolated Areas of Potential Growth

Rare Earth Metals Market Regional Analysis

● North America [United States, Canada, Mexico]

● South America [Brazil, Argentina, Columbia, Chile, Peru]

● Europe [Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]

● Middle East & Africa [GCC, North Africa, South Africa]

● Asia-Pacific [China, Southeast Asia, India, Japan, Korea, Western Asia]

Read Full Research Report with [TOC] @ https://www.vantagemarketresearch.com/industry-report/rare-earth-metals-market-2564

Key Benefits For Stakeholders

★ This study comprises an analytical view of the global Rare Earth Metals Market along with current trends and future estimates to illustrate future investments.

★ The general market analysis Rare Earth Metals Market is used to understand profitable trends and gain a stronger position.

★ The report provides information on key drivers, constraints, and opportunities with a detailed impact analysis.

★ Current Rare Earth Metals Market forecasts are analyzed quantitatively for 2023-2032 to compare financial competencies.

★ Porter's Five Forces Analysis illustrates the power of buyers and suppliers in the Rare Earth Metals Market.

★ The report includes Rare Earth Metals Market trends and revenue shares of major vendors.

Key Industry Development of Rare Earth Metals Market

• In March 2024, Australian Strategic Materials (ASM) formed a strategic partnership with global engineering company Bechtel Mining and Metals, Inc. (Bechtel) for its Dubbo Project in New South Wales (NSW). Bechtel will provide Front-End Engineering Design (FEED) services, a crucial step toward the final investment decision. This partnership strengthens ASM's position for new funding opportunities, including with a US government entity.

• In October 2023, Shenghe Resources Holding Co., Ltd also announced its plan to acquire shares in Vital Metals, a company headquartered in New South Wales, Australia, and listed on the Australian Securities Exchange (ASX). The acquisition aimed to support the development of Vital Metals' Nechalacho rare earth project in Canada and the Wigu Hill rare earth project in Tanzania, and further consolidate Shenghe's development foundation and optimize its global business layout by increasing rare earth resources in the global market.

• In August 2023, Australian Strategic Materials (ASM) signed a long-term metal sales and tolling framework agreement with USA Rare Earth, LLC (USARE). This agreement is a five-year contract for ASM to supply neodymium iron boron (NdFeB) alloy to USARE.

• In July 2023, ASM signed a non-binding Memorandum of Understanding (MOU) with Blackstone Minerals Limited (ASM) and Vietnam Rare Earths Company (VTRE). The goal of this MOU is to develop a complete rare earth industry in Vietnam, from mining to finished products.

Major TOC of the Report

● Market Size

● Rare Earth Metals Market New Sales Volumes

● Rare Earth Metals Market Replacement Sales Volumes

● Market Installed Base

● Market By Brands

● Market Procedure Volumes

● Market Product Price Analysis

● Rare Earth Metals Market Cost of Care Analysis

Key Questions Answered In This Report

★ What is the size of the Rare Earth Metals Market and what is its expected growth rate?

★ What are the primary driving factors that push the Rare Earth Metals Market forward?

★ What are the Rare Earth Metals Market top companies?

★ What are the different categories that the Rare Earth Metals Market caters to?

★ What will be the fastest-growing segment or region?

★ In the value chain, what role do essential players play?

★ What is the procedure for getting a free copy of the Rare Earth Metals Market sample report and company profiles?

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We, at Vantage Market Research, provide quantified B2B high-quality research on more than 20,000 emerging markets, in turn helping you map out a constellation of opportunities for your businesses. We, as market intelligence, market research and consulting firm provide end-to-end solutions to our client enterprises to meet their crucial business objectives. Our clientele base spans 70% of Global Fortune 500 companies.

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