Global Rare Earth Battery Alloys Market to Reach US$ 512 Million by 2031, Supported by EV and Energy Storage Expansion | QY Research

Market Overview-
The global market for Rare Earth Battery Alloys was estimated to be worth US$ 350 million in 2024 and is projected to reach a readjusted size of US$ 512 million by 2031, growing at a CAGR of 6.2% during the forecast period 2025-2031, according to QY Research.

The newly released report titled "Global Rare Earth Battery Alloys Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031" delivers an in-depth assessment of market size, production dynamics, pricing trends, company rankings, and regional demand patterns. The study is designed to support strategic decision-making for material suppliers, battery manufacturers, automotive OEMs, energy storage developers, and investors operating across the global new-energy value chain.

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Trade Policy and Supply Chain Assessment
Amid increasing geopolitical uncertainty, potential changes to the 2025 U.S. tariff framework are expected to introduce volatility across rare earth supply chains. This report provides a comprehensive evaluation of recent tariff adjustments and international countermeasures, analyzing their impact on cross-border industrial footprints, capital allocation strategies, regional trade dependencies, and supply chain restructuring. Given the strategic importance of rare earth materials, trade policy developments are becoming a key factor influencing sourcing decisions and long-term investment planning.

Industry Fundamentals and Market Economics
In 2024, global production of rare earth battery alloys reached approximately 12,500 tons, with an average selling price of around US$ 28,000 per ton. These alloys are produced by doping battery materials with rare earth elements such as lanthanum, neodymium, cerium, praseodymium, and samarium, enabling enhanced electrochemical performance.

Rare earth battery alloys play a critical role in improving energy density, charge-discharge efficiency, cycle life, and high-temperature stability in advanced batteries. They are widely used in nickel-metal hydride (NiMH), lithium-ion (Li-ion), and lithium-sulfur (Li-S) batteries. For instance, lanthanum-nickel alloys (LaNi5) remain a standard negative electrode material in NiMH batteries, while neodymium- and praseodymium-based materials contribute indirectly to performance improvements in electric vehicle motors and energy systems through high-efficiency magnetic components.

Key Growth Drivers and Market Trends
The market is primarily driven by the rapid expansion of new energy vehicles (NEVs), growing deployment of stationary energy storage systems, and rising demand for high-performance batteries in consumer electronics. As governments worldwide accelerate electrification and carbon-neutral policies, demand for advanced battery materials with improved safety and durability continues to rise.

At the same time, manufacturers are focusing on material optimization, alloy formulation innovation, and supply chain localization to mitigate rare earth price volatility and geopolitical risks. Sustainability, recycling, and alternative sourcing strategies are becoming increasingly important as environmental regulations tighten across major economies.

Market Segmentation Highlights

By Type
► Light Rare Earth Alloys
► Heavy Rare Earth Alloys

Light rare earth alloys currently dominate the market due to their widespread application in NiMH and lithium-based battery systems.

By Application
► New Energy Vehicles
► Energy Storage Systems
► Consumer Electronics
► Others

New energy vehicles represent the largest and fastest-growing application segment, supported by global EV adoption and policy incentives.

By Region
► Asia Pacific leads the global market, driven by strong rare earth processing capacity and battery manufacturing ecosystems in China, Japan, and South Korea.
► North America and Europe are accelerating investment in localized rare earth supply chains to reduce import dependence.
► South America and Middle East & Africa remain emerging markets with long-term resource development potential.

Competitive Landscape

Key companies profiled in the report include:
► Chinalco Rare Earth & Metals
► China Minmetals Rare Earth
► China Northern Rare Earth High-tech
► Chenguang Rare Earths New Material
► Xiamen Tungsten
► Santoku
► Arafura
► Lynas Corporation
► MP Materials
► Reade
► Rainbow Rare Earths
► Ucore Rare Metals

In 2024, the top five manufacturers accounted for a significant share of global revenue, reflecting a moderately concentrated market structure dominated by vertically integrated rare earth producers.

Why This Report Matters
► Provides verified global and regional market forecasts through 2031
► Analyzes company market share, ranking, and competitive positioning
► Evaluates pricing trends and production economics
► Assesses trade policy risks and supply chain vulnerabilities
► Identifies growth opportunities across EVs and energy storage systems

Key Questions Addressed
► What is the current and projected size of the rare earth battery alloys market?
► Which regions and applications will drive future demand?
► How do tariffs and geopolitical factors affect supply chains?
► Who are the leading players, and how competitive is the market?
► What strategic opportunities exist for producers and downstream users?

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Table of Content:
1 Market Overview
1.1 Rare Earth Battery Alloys Product Introduction
1.2 Global Rare Earth Battery Alloys Market Size Forecast
1.2.1 Global Rare Earth Battery Alloys Sales Value (2020-2031)
1.2.2 Global Rare Earth Battery Alloys Sales Volume (2020-2031)
1.2.3 Global Rare Earth Battery Alloys Sales Price (2020-2031)
1.3 Rare Earth Battery Alloys Market Trends & Drivers
1.3.1 Rare Earth Battery Alloys Industry Trends
1.3.2 Rare Earth Battery Alloys Market Drivers & Opportunity
1.3.3 Rare Earth Battery Alloys Market Challenges
1.3.4 Rare Earth Battery Alloys Market Restraints
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Competitive Analysis by Company
2.1 Global Rare Earth Battery Alloys Players Revenue Ranking (2024)
2.2 Global Rare Earth Battery Alloys Revenue by Company (2020-2025)
2.3 Global Rare Earth Battery Alloys Players Sales Volume Ranking (2024)
2.4 Global Rare Earth Battery Alloys Sales Volume by Company Players (2020-2025)
2.5 Global Rare Earth Battery Alloys Average Price by Company (2020-2025)
2.6 Key Manufacturers Rare Earth Battery Alloys Manufacturing Base and Headquarters
2.7 Key Manufacturers Rare Earth Battery Alloys Product Offered
2.8 Key Manufacturers Time to Begin Mass Production of Rare Earth Battery Alloys
2.9 Rare Earth Battery Alloys Market Competitive Analysis
2.9.1 Rare Earth Battery Alloys Market Concentration Rate (2020-2025)
2.9.2 Global 5 and 10 Largest Manufacturers by Rare Earth Battery Alloys Revenue in 2024
2.9.3 Global Top Manufacturers by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Rare Earth Battery Alloys as of 2024)
2.10 Mergers & Acquisitions, Expansion
3 Segmentation by Type
3.1 Introduction by Type
3.1.1 Light Rare Earth Alloys
3.1.2 Heavy Rare Earth Alloys
3.2 Global Rare Earth Battery Alloys Sales Value by Type
3.2.1 Global Rare Earth Battery Alloys Sales Value by Type (2020 VS 2024 VS 2031)
3.2.2 Global Rare Earth Battery Alloys Sales Value, by Type (2020-2031)
3.2.3 Global Rare Earth Battery Alloys Sales Value, by Type (%) (2020-2031)
3.3 Global Rare Earth Battery Alloys Sales Volume by Type
3.3.1 Global Rare Earth Battery Alloys Sales Volume by Type (2020 VS 2024 VS 2031)
3.3.2 Global Rare Earth Battery Alloys Sales Volume, by Type (2020-2031)
3.3.3 Global Rare Earth Battery Alloys Sales Volume, by Type (%) (2020-2031)
3.4 Global Rare Earth Battery Alloys Average Price by Type (2020-2031)
4 Segmentation by Application
4.1 Introduction by Application
4.1.1 New Energy Vehicles
4.1.2 Energy Storage Systems
4.1.3 Consumer Electronics
4.1.4 Others
4.2 Global Rare Earth Battery Alloys Sales Value by Application
4.2.1 Global Rare Earth Battery Alloys Sales Value by Application (2020 VS 2024 VS 2031)
4.2.2 Global Rare Earth Battery Alloys Sales Value, by Application (2020-2031)
4.2.3 Global Rare Earth Battery Alloys Sales Value, by Application (%) (2020-2031)
4.3 Global Rare Earth Battery Alloys Sales Volume by Application
4.3.1 Global Rare Earth Battery Alloys Sales Volume by Application (2020 VS 2024 VS 2031)
4.3.2 Global Rare Earth Battery Alloys Sales Volume, by Application (2020-2031)
4.3.3 Global Rare Earth Battery Alloys Sales Volume, by Application (%) (2020-2031)
4.4 Global Rare Earth Battery Alloys Average Price by Application (2020-2031)
5 Segmentation by Region
5.1 Global Rare Earth Battery Alloys Sales Value by Region
5.1.1 Global Rare Earth Battery Alloys Sales Value by Region: 2020 VS 2024 VS 2031
5.1.2 Global Rare Earth Battery Alloys Sales Value by Region (2020-2025)
5.1.3 Global Rare Earth Battery Alloys Sales Value by Region (2026-2031)
5.1.4 Global Rare Earth Battery Alloys Sales Value by Region (%), (2020-2031)
5.2 Global Rare Earth Battery Alloys Sales Volume by Region
5.2.1 Global Rare Earth Battery Alloys Sales Volume by Region: 2020 VS 2024 VS 2031
5.2.2 Global Rare Earth Battery Alloys Sales Volume by Region (2020-2025)
5.2.3 Global Rare Earth Battery Alloys Sales Volume by Region (2026-2031)
5.2.4 Global Rare Earth Battery Alloys Sales Volume by Region (%), (2020-2031)
5.3 Global Rare Earth Battery Alloys Average Price by Region (2020-2031)
5.4 North America
5.4.1 North America Rare Earth Battery Alloys Sales Value, 2020-2031
5.4.2 North America Rare Earth Battery Alloys Sales Value by Country (%), 2024 VS 2031
5.5 Europe
5.5.1 Europe Rare Earth Battery Alloys Sales Value, 2020-2031
5.5.2 Europe Rare Earth Battery Alloys Sales Value by Country (%), 2024 VS 2031
5.6 Asia Pacific
5.6.1 Asia Pacific Rare Earth Battery Alloys Sales Value, 2020-2031
5.6.2 Asia Pacific Rare Earth Battery Alloys Sales Value by Region (%), 2024 VS 2031
5.7 South America
5.7.1 South America Rare Earth Battery Alloys Sales Value, 2020-2031
5.7.2 South America Rare Earth Battery Alloys Sales Value by Country (%), 2024 VS 2031
5.8 Middle East & Africa
5.8.1 Middle East & Africa Rare Earth Battery Alloys Sales Value, 2020-2031
5.8.2 Middle East & Africa Rare Earth Battery Alloys Sales Value by Country (%), 2024 VS 2031
6 Segmentation by Key Countries/Regions
6.1 Key Countries/Regions Rare Earth Battery Alloys Sales Value Growth Trends, 2020 VS 2024 VS 2031
6.2 Key Countries/Regions Rare Earth Battery Alloys Sales Value and Sales Volume
6.2.1 Key Countries/Regions Rare Earth Battery Alloys Sales Value, 2020-2031
6.2.2 Key Countries/Regions Rare Earth Battery Alloys Sales Volume, 2020-2031
6.3 United States
6.3.1 United States Rare Earth Battery Alloys Sales Value, 2020-2031
6.3.2 United States Rare Earth Battery Alloys Sales Value by Type (%), 2024 VS 2031
6.3.3 United States Rare Earth Battery Alloys Sales Value by Application, 2024 VS 2031
6.4 Europe
6.4.1 Europe Rare Earth Battery Alloys Sales Value, 2020-2031
6.4.2 Europe Rare Earth Battery Alloys Sales Value by Type (%), 2024 VS 2031
6.4.3 Europe Rare Earth Battery Alloys Sales Value by Application, 2024 VS 2031
6.5 China
6.5.1 China Rare Earth Battery Alloys Sales Value, 2020-2031
6.5.2 China Rare Earth Battery Alloys Sales Value by Type (%), 2024 VS 2031
6.5.3 China Rare Earth Battery Alloys Sales Value by Application, 2024 VS 2031
6.6 Japan
6.6.1 Japan Rare Earth Battery Alloys Sales Value, 2020-2031
6.6.2 Japan Rare Earth Battery Alloys Sales Value by Type (%), 2024 VS 2031
6.6.3 Japan Rare Earth Battery Alloys Sales Value by Application, 2024 VS 2031
6.7 South Korea
6.7.1 South Korea Rare Earth Battery Alloys Sales Value, 2020-2031
6.7.2 South Korea Rare Earth Battery Alloys Sales Value by Type (%), 2024 VS 2031
6.7.3 South Korea Rare Earth Battery Alloys Sales Value by Application, 2024 VS 2031
6.8 Southeast Asia
6.8.1 Southeast Asia Rare Earth Battery Alloys Sales Value, 2020-2031
6.8.2 Southeast Asia Rare Earth Battery Alloys Sales Value by Type (%), 2024 VS 2031
6.8.3 Southeast Asia Rare Earth Battery Alloys Sales Value by Application, 2024 VS 2031
6.9 India
6.9.1 India Rare Earth Battery Alloys Sales Value, 2020-2031
6.9.2 India Rare Earth Battery Alloys Sales Value by Type (%), 2024 VS 2031
6.9.3 India Rare Earth Battery Alloys Sales Value by Application, 2024 VS 2031
7 Company Profiles
7.1 Chinalco Rare Earth&Metals
7.1.1 Chinalco Rare Earth&Metals Company Information
7.1.2 Chinalco Rare Earth&Metals Introduction and Business Overview
7.1.3 Chinalco Rare Earth&Metals Rare Earth Battery Alloys Sales, Revenue, Price and Gross Margin (2020-2025)
7.1.4 Chinalco Rare Earth&Metals Rare Earth Battery Alloys Product Offerings
7.1.5 Chinalco Rare Earth&Metals Recent Development
7.2 China Minmetals Rare Earth
7.2.1 China Minmetals Rare Earth Company Information
7.2.2 China Minmetals Rare Earth Introduction and Business Overview
7.2.3 China Minmetals Rare Earth Rare Earth Battery Alloys Sales, Revenue, Price and Gross Margin (2020-2025)
7.2.4 China Minmetals Rare Earth Rare Earth Battery Alloys Product Offerings
7.2.5 China Minmetals Rare Earth Recent Development
7.3 China Northern Rare Earth High-tech
7.3.1 China Northern Rare Earth High-tech Company Information
7.3.2 China Northern Rare Earth High-tech Introduction and Business Overview
7.3.3 China Northern Rare Earth High-tech Rare Earth Battery Alloys Sales, Revenue, Price and Gross Margin (2020-2025)
7.3.4 China Northern Rare Earth High-tech Rare Earth Battery Alloys Product Offerings
7.3.5 China Northern Rare Earth High-tech Recent Development
7.4 Chenguang Rare Earths New Material
7.4.1 Chenguang Rare Earths New Material Company Information
7.4.2 Chenguang Rare Earths New Material Introduction and Business Overview
7.4.3 Chenguang Rare Earths New Material Rare Earth Battery Alloys Sales, Revenue, Price and Gross Margin (2020-2025)
7.4.4 Chenguang Rare Earths New Material Rare Earth Battery Alloys Product Offerings
7.4.5 Chenguang Rare Earths New Material Recent Development
7.5 Xiamen Tungsten
7.5.1 Xiamen Tungsten Company Information
7.5.2 Xiamen Tungsten Introduction and Business Overview
7.5.3 Xiamen Tungsten Rare Earth Battery Alloys Sales, Revenue, Price and Gross Margin (2020-2025)
7.5.4 Xiamen Tungsten Rare Earth Battery Alloys Product Offerings
7.5.5 Xiamen Tungsten Recent Development
7.6 Santoku
7.6.1 Santoku Company Information
7.6.2 Santoku Introduction and Business Overview
7.6.3 Santoku Rare Earth Battery Alloys Sales, Revenue, Price and Gross Margin (2020-2025)
7.6.4 Santoku Rare Earth Battery Alloys Product Offerings
7.6.5 Santoku Recent Development
7.7 Arafura
7.7.1 Arafura Company Information
7.7.2 Arafura Introduction and Business Overview
7.7.3 Arafura Rare Earth Battery Alloys Sales, Revenue, Price and Gross Margin (2020-2025)
7.7.4 Arafura Rare Earth Battery Alloys Product Offerings
7.7.5 Arafura Recent Development
7.8 Lynas Corporation
7.8.1 Lynas Corporation Company Information
7.8.2 Lynas Corporation Introduction and Business Overview
7.8.3 Lynas Corporation Rare Earth Battery Alloys Sales, Revenue, Price and Gross Margin (2020-2025)
7.8.4 Lynas Corporation Rare Earth Battery Alloys Product Offerings
7.8.5 Lynas Corporation Recent Development
7.9 MP Materials
7.9.1 MP Materials Company Information
7.9.2 MP Materials Introduction and Business Overview
7.9.3 MP Materials Rare Earth Battery Alloys Sales, Revenue, Price and Gross Margin (2020-2025)
7.9.4 MP Materials Rare Earth Battery Alloys Product Offerings
7.9.5 MP Materials Recent Development
7.10 Reade
7.10.1 Reade Company Information
7.10.2 Reade Introduction and Business Overview
7.10.3 Reade Rare Earth Battery Alloys Sales, Revenue, Price and Gross Margin (2020-2025)
7.10.4 Reade Rare Earth Battery Alloys Product Offerings
7.10.5 Reade Recent Development
7.11 Rainbow Rare Earths
7.11.1 Rainbow Rare Earths Company Information
7.11.2 Rainbow Rare Earths Introduction and Business Overview
7.11.3 Rainbow Rare Earths Rare Earth Battery Alloys Sales, Revenue, Price and Gross Margin (2020-2025)
7.11.4 Rainbow Rare Earths Rare Earth Battery Alloys Product Offerings
7.11.5 Rainbow Rare Earths Recent Development
7.12 Ucore Rare Metals
7.12.1 Ucore Rare Metals Company Information
7.12.2 Ucore Rare Metals Introduction and Business Overview
7.12.3 Ucore Rare Metals Rare Earth Battery Alloys Sales, Revenue, Price and Gross Margin (2020-2025)
7.12.4 Ucore Rare Metals Rare Earth Battery Alloys Product Offerings
7.12.5 Ucore Rare Metals Recent Development
8 Industry Chain Analysis
8.1 Rare Earth Battery Alloys Industrial Chain
8.2 Rare Earth Battery Alloys Upstream Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.2.3 Manufacturing Cost Structure
8.3 Midstream Analysis
8.4 Downstream Analysis (Customers Analysis)
8.5 Sales Model and Sales Channels
8.5.1 Rare Earth Battery Alloys Sales Model
8.5.2 Sales Channel
8.5.3 Rare Earth Battery Alloys Distributors
9 Research Findings and Conclusion
10 Appendix
10.1 Research Methodology
10.1.1 Methodology/Research Approach
10.1.1.1 Research Programs/Design
10.1.1.2 Market Size Estimation
10.1.1.3 Market Breakdown and Data Triangulation
10.1.2 Data Source
10.1.2.1 Secondary Sources
10.1.2.2 Primary Sources
10.2 Author Details
10.3 Disclaimer

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