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Global Rare Earth Metal Market is anticipated to reach $4.1 billion by 2017 - Acute Market Reports

03-17-2017 03:26 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Acute Market Reports

Global Rare Earth Metal Market is anticipated to reach $4.1

Product Synopsis
Acute Market Reports announces that it has a new study on Rare Earth Elements: Market Shares and Forecasts, Worldwide, 2011-2017. The study has 246 pages and 66 tables and figures.
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The rest of the world was asleep as China grew to become a goliath in the rare earth industry. It took the rest of the world 20 years to wake up to the realization that the future of high technology could be in the hands of this one supplier. While there may be ample rare earth elements in the earth’s crust, the challenge is in locating reserves worth mining and putting into place the infrastructure and processes necessary to mine and process them.
China produces 96 percent of the world’s rare earth metals. Industrialized countries have realized that with a monopoly position, comes responsibility. China reduced its second-half rare earth metal export quota for the minerals by 72 percent in July 2010. It is now further restricting exports Repercussions and strategic implications are likely if rare earth elements supply were to be disrupted. .Actions by China have drawn criticism from U.S. lawmakers and officials in Japan and Germany.
After discovering a potential site and conducting a feasibility study, this type of mining operation requires permits, financing, building of infrastructure. Infrastructure includes roads, railways. The acquisition of mining technology, transportation for the materials, making mining machinery available, and processing of the raw materials is difficult.
According to Susan Eustis, lead author of the study, “All of these steps to rebuild the industry outside China could take up to ten years. In the meantime, China has a huge lead in educating engineers and scientists and in all aspects of the rare earth metal industry. This is a topic that has been neglected in the US and the western world until now.” It has not been glamorous or interesting to professors, universities, and most of all students. It is set to become more significant in many countries.
One potential threat is that, while China’s reduction in export quotas is currently causing prices to go up, if China were to turn that around and bring prices back down, this could potentially put these and other companies out of business even before they become fully operational.
Hybrid vehicles are one of many technologies that use rare earth elements . Global demand for hybrid vehicles is projected to be 14 to 16 million vehicles per year by 2017 so the impact to the rare earth market could be staggering. Additional Rare Earth supply sources must come on line to support this growing industry.
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China has major plans to build a national rare earth resources strategic reserves base. The tentative plan is to store up the raw materials that were not used up from the annual excavation at Baosteel. China uses that to stabilize prices. Efforts are underway in Northern China to realize this goal.
The fundamental aspect of rare earth metals implementation relates to efficient extraction of the minerals forms deposits in the earth. Markets at $1.4 billion in 2010 are anticipated to reach $4.1 billion by 2017. Market growth comes as energy efficient units are built using rare earth elements.
China Becomes A Goliath In The Rare Earth Industry
Actions by China
Rare Earth Elements Market Shares
China Major Plans To Build A National Rare Earth
Resources Strategic Reserves Base
Rare Earth Elements Market Forecasts
Chinese Rare Earth Elements Companies Reduced
1.1 Term Rare Earth Is A Misnomer. They Are Not Rare At All
1.1.1 Discovery Of Rare Earth Elements
1.1.2 Mountain Pass Molybdenum Corporation of America
1.2 Rare Earth Elements
1.2.1 Definition of Rare Earth Elements
1.2.2 NdFeB Has Superior Permanent Magnetic Properties
1.2.3 Rare Earth Elements
1.3 Rare Earth Minerals Key In Growth Of Renewable Energy Technologies
1.4 Producing Rare Earth Oxides: No Small Task
1.4.1 China’s Clampdown On Exports
1.4.2 Dramatic Shift Is Beginning To Take Place
1.4.3 U.S. Rare Earth Deposits
1.4.4 Educational Awareness Of Rare Earth Elements
1.5 Rare Earth Minerals Industry
1.5.1 Global Consumption Of Rare Earth Elements
1.5.2 Chinese Consumption Of Rare Earth Elements
1.5.3 Demand for Rare Earth Products
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2.1 China Becomes A Goliath In The Rare Earth Industry
2.1.1 Actions by China
2.1.2 Finding and Mining More Rare earth elements
2.1.3 Mountain Pass Mine in California Competing with China
2.1.4 Rare Earth Curbs May Prove a Windfall for Molycorp, Lynas as Prices Surge
2.2 Rare Earth Elements Market Shares
2.2.1 China Major Plans To Build A National Rare Earth Resources Strategic Reserves Base
2.2.2 Chinese Rare Earth Elements Companies Reduced
2.2.3 Molycorp Mountain Pass California
2.2.4 Alkane Rare Earth Market
2.2.5 Rare Earth Mineral Mining Market Shares
2.2.6 Rare Earth Mineral Market Production Shares
2.2.7 China
2.2.8 Glencore International AG
2.2.9 Lynas’ Mt. Weld
2.2.10 Molycorp’s Mountain Pass
2.2.11 Rare Earth Curbs Spur Opportunities for Molycorp, Lynas
2.3 Rare Earth Elements Market Forecasts
2.3.1 Rare Earth Mineral Molycom Market Forecasts
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About - Acute Market Reports :
Acute Market Reports is the most sufficient collection of market intelligence services online. It is your only source that can fulfill all your market research requirements.We provide online reports from over 100 best publishers and upgrade our collection regularly to offer you direct online access to the world’s most comprehensive and recent database with expert perceptions on worldwide industries, products, establishments and trends.
Our team consists of highly motivated market research professionals and they are accountable for creating the groundbreaking technology that we utilize in our search engine operations to easily recognize the most current market research reports online.

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