Rare Earth Elements Market Challenges in Mining and Processing By 2031 | Most Leading Companies - China Rare Earth Holdings Limited, Arafura Resources Limited, Lynas Corporation

The Global Rare Earth Elements Market is growing at a CAGR of 9.4% during the forecast period (2024-2031).

Rare Earth Elements Market, as detailed in the DataM Intelligence report, presents a strategic overview of the industry backed by in-depth data and market trends. The study highlights the performance and positioning of major players, focusing on their offerings, pricing models, financial outcomes, and growth strategies. It serves as a concise yet insightful reference for understanding the current landscape and future direction of the market.

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Market Overview:

Rare Earth Elements (REEs) are a group of 17 chemically similar metallic elements found in the Earth's crust. They are critical components in many advanced technologies, including electronics, renewable energy systems, electric vehicles, and military applications. Despite their name, these elements are relatively abundant but are challenging to extract and refine economically. Their unique magnetic, luminescent, and electrochemical properties make them essential for modern high-tech industries.

List of the Key Players in the Rare Earth Elements Market:

China Rare Earth Holdings Limited, Arafura Resources Limited, Lynas Corporation, Ltd., Avalon Advanced Materials Inc., Alkane Resources Ltd, Shin-Etsu Chemical Co. Ltd, Canada Rare Earth Corporation, Iluka Resources Ltd., Eutectix LLC, Rare Element Resources Ltd and others

Rare Earth Elements Market Development:

In January 2021, Lynas Corporation entered into an agreement with the U.S. government to establish a rare earth separation facility in Texas. The plant is projected to produce approximately 5,000 tonnes of rare earth products annually, including about 1,250 tonnes of neodymium-praseodymium (NdPr).

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Segment Covered in the Rare Earth Elements Market:

By Type: Metals (Cerium, Erbium, Gadolinium, Holmium, Lanthanum, Neodymium, Praseodymium, Promethium, Samarium, Scandium, Terbium, Thulium, Ytterbium, Yttrium), Compounds (Cerium Compounds, Carbonates, Chlorides, Oxides, Others

By Source: Bastnäsite, Loparite, Monazite, Rare-earth laterite, Xenotime, Others

By Application: Magnets, Catalyst, Metals Alloys, Polishing, Ceramics/Glass, Additives, Others

By End-User: Industrial, Automotive, Glass, Fluorescent Lighting, Electronics (Smart Phones, Readers, Loudspeaker, Portable Computers, Cameras, Others), Others

Regional Analysis for Rare Earth Elements Market:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Frequently asked questions:

➠ What are the global sales, production, consumption, import, and export figures for the Rare Earth Elements market?

➠ Who are the key global manufacturers, and how are they performing operationally?

➠ What opportunities and risks do vendors face in the Rare Earth Elements market?

➠ Which product types or end-users show the most growth potential, and what are their market shares?

➠ What factors are driving or limiting growth in the Rare Earth Elements market?

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