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News.com.au
4 days ago
- Business
- News.com.au
Monsters of Rock: Critical minerals stocks load up on investor cash
WA1 heads to the market for a $100 million top-up Critical minerals stocks are seeing love from investors as government investments place focus on sector Lithium miners see price target upgrades as prices rise Monsters of Rock covers the big news in the large cap ASX mining space. As the world's focus sharpens on critical minerals, explorers and miners of commodities such as lithium, rare earths and more are seeing intensifying interest from investors even as prices remain in the doldrums. We've already seen Liontown Resources (ASX:LTR) convert that interest and government support into investment. A $316 million placement including $50m from Canberra's National Reconstruction Fund – already a backer of Arafura Rare Earths (ASX:ARU) – and $50m from Chinese lithium refiner Canmax Technologies has given the Kathleen Valley lithium mine owner a $470m bulwark against shutting down the new underground operation. Now WA1 Resources (ASX:WA1) has rattled the tin, putting its cap out for $100 million at $17 a share to fund pre-development and permitting activities at its Luni niobium project in WA's emerging West Arunta region. Located in remote climes on WA's border with the NT, the project promises to be the largest high-grade niobium deposit outside CBMM's Araxa in Brazil, which provides over 80% of the world's supply of the steel-hardening ingredient. Canaccord Genuity is on the placement as global coordinator, with Argonaut on board as joint lead manager and joint bookrunner, and Bell Potter in train as co-manager. WA1 MD Paul Savich says the $1.1 billion company, down 14.75% to $16.49 after the placement was revealed to the market, received strong demand from existing and new institutional shareholders at home and abroad. 'The Luni Niobium Project is clearly an exceptional asset and this was again reflected in the strong demand recevied (sic) for the Placement from existing shareholders and new institutional investors across the world," he said. 'Following the Placement, the Company will hold approximately A$168 million in cash, providing balance sheet strength to assist with progressing one of Ausralia's most important critical mineral projects. 'These funds will allow us to continue to implement our strategy of committing to critical path and long-lead activities, and allow important capital expenditure in relation to various key supporting infrastructure components.' Luni contains an indicated mineral resource estimate of 73Mt at 1.38% niobium pentoxide, with a further 150Mt at 0.8% Nb2O5 inferred. A high-grade subset of that includes 31Mt at 2.31% Nb2O5 indicated and 22Mt at 2% Nb2O5 inferred. Most niobium is sold as ferroniobium, a micro-alloy in high-strength, low-allow steels. Its strengthening properties means just 0.02% of niobium doping can dramatically reduce the quantum of steel needed for construction projects, dramatically reducing CO2 emissions. Around 115,000tpa of ferroniobium is produced annually, pulling a price of around US$30,000/t. Niobium oxide, which makes up 12% of the niobium market, fetches higher prices still and is used in the defence, aerospace and medical sectors. WA1 is not the only critical minerals stock chasing fresh capital. Lithium boom fallen star Lake Resources (ASX:LKE) is also paused for the purpose, while tungsten producer EQ Resources (ASX:EQR) announced a US$7.5m royalty funding package with private equity mob Oaktree. It'll grant Oaktree a 2.5% royalty on sales from its Barruecopardo mine in Spain. US$3m from a pre-payment for its Mt Carbine project has also been converted to equity by Cronimet Asia Pte Ltd. Lithium miners all smiles It's been a tough run for lithium miners, who have seen prices collapse 90% from their ridiculous 2022 highs. But cuts to mine supply in China, namely the closure of CATL's sentiment driving Jianxiawo lepidolite mine in Jiangxi, have brought optimism back for ASX producers. From around US$600/t in mid-June, spodumene concentrate is now nudging US$940/t, while lithium carbonate prices, around US$8000/t not long ago, are now running at US$11,400/t. Stability would be nice, but volatility to the upside has been appreciated by investors and analysts. The market remains in a surplus but the Jianxiawo closure could erode that and bring it into balance sooner, assuming it lasts beyond the initial three months reported. It has local names riding the high, for this week at least. Some analysts who are bullish on lithium are optimistic over the longer term. Argonaut upgraded its price forecasts, driving price target uplifts across the major lithium names. IGO (ASX:IGO) has seen its Argonaut PT rise 12% to $6.50, with higher prices lifting the prospect of Greenbushes' owners Albemarle, Tianqi and IGO approving the distribution of dividends again later this year. Argonaut's price target for Pilbara Minerals (ASX:PLS) has also been lifted by 10% to $3.30. PLS shares rose 1.16% on Friday morning to $2.18, with IGO down 0.93% to $5.32. Liontown was up 4% to 83c, while diversified lithium and iron ore producer Mineral Resources (ASX:MIN) rose 1.5% to $36.55. The ASX 300 Metals and Mining index rose 4.74% over the past week. Which ASX 300 Resources stocks have impressed and depressed? Making gains Coronado Global Resources (ASX:CRN) (coal) +38.6% Pilbara Minerals (ASX:PLS) (lithium) +22.9% Lynas (ASX:LYC) (rare earths) +18% IGO (ASX:IGO) (lithium) +12.9% Eating losses WA1 Resources (ASX:WA1) (niobium) -6.9% Emerald Resources (ASX:EMR) (gold) -2% Vulcan Energy Resources (ASX:VUL) (lithium) -1.1% South32 (ASX:S32) (diversified) -1% Coronado ran strongly higher after revealing the impact of major cost cutting initiatives in its half year accounts, despite a 1164% negative swing into a US$172.4m loss for the six months to June on the back of lower coking coal prices. Operating costs were down US$200m, counteracting a US$400m impact from coal pricing. PLS and IGO rose on the lithium supply chain disruptions previously discussed, while optimism on government support for rare earths continued to propel Lynas higher. WA1 fell as it offered discounted shares in its placement, while South 32 was off slightly after flagging plans to close its Mozal aluminium smelter in Mozambique due to power prices in March next year.
Reuters
12-08-2025
- Business
- Reuters
Australia's Arafura Rare Earths eyes $100 million in export agency funding, source says
MELBOURNE, Aug 12 (Reuters) - Arafura Rare Earths has been offered $100 million in potential funding from Australia's export finance agency, a source familiar with the matter said, helping it surpass a milestone in funding needs to develop its Nolans project. Export Finance Australia has provided a non-binding letter of interest for funding support for the project, Arafura - which is backed by billionaire Gina Rinehart - said in an exchange filing on Tuesday. The potential funding is part of a Western push to develop rare earths supply chains with international partners outside of top producer China. Australia's resources minister last week said the government was considering price floors to support critical minerals projects, including for rare earths. "We will now be advancing due diligence with both of these parties," Arafura's CEO Darryl Cuzzubbo said. The funding would mean that Arafura will be able to "materially close" a cornerstone equity target that is 60% of the $775 million total equity requirement, the source said. The backing follows Prime Minister Anthony Albanese's announcement last year that Australia would provide up to A$840 million ($547.85 million) for Nolans, the first combined rare earths mine and refinery in the Northern Territory. The project has also entered an appraisal phase for potential equity investment from Germany's Raw Materials Fund after being referred by the country's Interministerial Committee last month. Rinehart's Hancock Prospecting is Arafura's largest shareholder with an 8.57% stake, per LSEG data. Shares of the company were down 2.4% at A$0.2 as of 0258 GMT, while the broader mining sub-index (.AXMM), opens new tab fell 0.2%. ($1 = 1.5333 Australian dollars)
News.com.au
15-07-2025
- Business
- News.com.au
Closing Bell: ASX smashes previous closing record, up 0.7pc
ASX hits new record closing high of 8630 points Broad strength across 10 of 11 sectors, led by info tech Rio Tinto appoints Aussie Simon Trott as new CEO ASX closes almost 30 points higher than previous record The ASX 200 surged to a new closing high record today, smashing its previous close of 8603 points set on July 4. The market powered up 0.7% during the session, closing out the day at a very respectable 8630 points. Info tech (+2.16%) and healthcare (+2.04%) led gains, weighed down but ultimately unperturbed by a sullen materials sector that shed 0.28%. It wasn't all gloom in the resources sector – the gold index added 1.54% and rare earth stocks continued their bullish run. Arafura Rare Earths (ASX:ARU) climbed 5%, Metallium (ASX:MTM) jumped 16.5% and Dateline Resources (ASX:DTR) surged 28.7%. The latter two, in particular, are viewed as potential winners from American efforts to reshore critical minerals production, laid bare in a multi-billion buckaroo public-private partnership announced with MP Materials last week. Locksley Resources (ASX:LKY), which like DTR holds ground close to MP's Mountain Pass mine on California, was close to 24% higher. Meanwhile, Rio Tinto (ASX:RIO) came out with some late, breaking news, appointing Simon Trott as its chief executive. Replacing Jakob Stausholm, the move will be seen as a major win for the Australian Government, with a local boss to lead the world's second biggest miner for the first time since Sam Walsh's exit in 2016. Trott has been the CEO of the miner's largest business, its Pilbara iron ore operations, since 2021, taking over after the resignation of Chris Salisbury following the Juukan Gorge scandal – a 2020 incident which also forced the exit of then CEO JS Jacques and external affairs chief Simone Niven. Trott will take over officially on August 25, netting a base salary of 1.34 million pounds. "It is a privilege to have the opportunity to lead Rio Tinto, and I am excited about our future," he said. "The progress we have made over recent years gives us a foundation to build on with discipline and focus to deliver improved performance. With our outstanding assets and people around the world, we are well positioned to grow value for shareholders and the communities who host us." Rio shares fell 1.31% today, with Trott's appointment announced after market close. Defence stocks locked and loaded Global military expenditure shot up more than 9% from 2023 to 2024, hitting US$2.7 trillion in 2024, according to the Stockholm International Peace Research Institute. As US President Trump turns decades of American foreign policy on its head, threatening to withdraw US support for long-standing defensive treaties, the rest of the world is responding. The European Union has ramped up defence spending more than 30% since 2021, hitting €326 billion in 2024. While it's a sobering peek into the shifting tides of geopolitics, a handful of ASX defence stocks are already stepping into the supply gap. Electro Optic Systems (ASX:EOS) jumped 10.7% in trade today, and the advanced technology system company is far from alone. Shipbuilder and defence contractor Austal (ASX:ASB) added 2.6%, UAV connectivity solution firm Elsight (ASX:ELS) surged 19.2% and counter-drone specialist Droneshield (ASX:DRO) climbed 11.7%. The Vaneck Global Defence ETF (ASX:DFND), which offers exposure to a portfolio of global military or defence industry companies, has also shot up more than 50% in the year to date as investors pour in. ASX SMALL CAP LEADERS Today's best performing small cap stocks: Code Name Last % Change Volume Market Cap MIOR Macarthur Minerals 0.003 200% 447404 $99,833 FTC Fintech Chain Ltd 0.004 100% 1592539 $1,301,539 KNG Kingsland Minerals 0.145 53% 290323 $6,893,287 ERL Empire Resources 0.006 50% 1546439 $5,935,653 EEL Enrg Elements Ltd 0.002 33% 1912486 $4,880,668 AKN Auking Mining Ltd 0.006 33% 37340109 $3,096,523 PV1 Provaris Energy Ltd 0.017 31% 4193417 $10,101,617 OEQ Orion Equities 0.195 30% 28466 $2,347,384 AX8 Accelerate Resources 0.009 29% 2097369 $5,720,321 CPM Cooper Metals Ltd 0.048 26% 294686 $2,977,515 PR1 Pure Resources Limited 0.125 25% 440609 $4,600,879 ASN Anson Resources Ltd 0.09 25% 14901420 $99,845,031 CUL Cullen Resources 0.005 25% 250433 $2,773,607 MEG Megado Minerals Ltd 0.04 25% 1909655 $20,661,864 PIL Peppermint Inv Ltd 0.0025 25% 343838 $4,602,180 PPG Pro-Pac Packaging 0.02 25% 352939 $2,907,003 PPY Papyrus Australia 0.01 25% 136062 $4,581,454 RLG Roolife Group Ltd 0.005 25% 2019881 $6,371,125 LKY Locksley Resources 0.115 24% 26061959 $17,050,000 CP8 Canphosphateltd 0.074 23% 187789 $18,405,632 SNS Sensen Networks Ltd 0.037 23% 20027 $23,791,124 IBX Imagion Biosys Ltd 0.017 21% 27940131 $2,818,780 RPG Raptis Group Limited 0.12 20% 140947 $35,068,485 AYT Austin Metals Ltd 0.003 20% 181536 $3,960,478 BNL Blue Star Helium Ltd 0.006 20% 145568 $13,474,426 Pure Resources (ASX:PR1) is riffing off neighbour Green Critical Minerals' (ASX:GCM) success, launching a graphite review of the Reedy Creek project after GCM released a strong feasibility study for its own McIntosh project. Since McIntosh surrounds Reedy Creek and shares much of the same geology, PR1 is expanding beyond extracting rare earths from garnet to investigate graphite potential, building out its critical mineral offering. AuKing Mining (ASX:AKN) is on the hunt for rare earths at its Myoff Creek project in Canada, preparing to launch a helicopter-based aeromagnetic and radiometric survey over the tenure. Management says they're looking for carbonatite mineralisation over the entire 800ha project area, with a particular focus on a 1.4km by 400m zone where historical exploration highlighted near-surface niobium and rare earth mineralisation. Imagion Biosystems (ASX:IBX) is fast-tracking manufacturing of its MagSense HER2 Imaging Agent for breast cancer detection ahead of a Phase 2 trial, after a productive meeting with the US FDA. IBX is also preparing to submit its investigational new drug application for the imaging agent, tapping Dr William Dooley, a surgical oncologist at the University of Oklahoma Health Sciences College of Medicine, as principal investigator. SenSen (ASX:SNS) raked in full year cash collections of $14.1m this year, a strong 13% increase over the previous reporting period. The AI solutions provider marked its first ever year of positive operating cash flow as well, pulling in $1.9m compared to outflows of $1.3m in the previous financial year, a $3.2m improvement. ASX SMALL CAP LAGGARDS Today's worst performing small cap stocks: Code Name Last % Change Volume Market Cap AOA Ausmon Resorces 0.001 -50% 1226988 $2,622,427 SFG Seafarms Group Ltd 0.001 -50% 6000 $9,673,198 SKN Skin Elements Ltd 0.002 -33% 55557 $3,225,642 CTN Catalina Resources 0.003 -25% 1743751 $9,704,076 FAU First Au Ltd 0.003 -25% 16503 $8,305,165 GTR Gti Energy Ltd 0.003 -25% 3176612 $14,835,762 BCB Bowen Coal Limited 0.075 -25% 2076944 $10,775,756 APC APC Minerals 0.008 -24% 10585499 $3,075,800 X2M X2M Connect Limited 0.014 -22% 1532537 $7,831,023 AMS Atomos 0.004 -20% 55022 $6,075,092 M2R Miramar 0.004 -20% 13877015 $4,984,116 MRD Mount Ridley Mines 0.002 -20% 3700 $1,946,223 PRM Prominence Energy 0.002 -20% 891688 $1,216,176 RNX Renegade Exploration 0.004 -20% 150000 $6,441,817 SLZ Sultan Resources Ltd 0.004 -20% 639757 $1,157,350 SPQ Superior Resources 0.004 -20% 2402254 $11,854,914 RDG Res Dev Group Ltd 0.009 -18% 68225 $32,459,439 THB Thunderbird Resource 0.009 -18% 2384348 $4,287,156 RMI Resource Mining Corp 0.014 -18% 2369600 $12,485,707 ARV Artemis Resources 0.005 -17% 1637579 $15,214,033 AZL Arizona Lithium Ltd 0.005 -17% 18139597 $31,621,887 CC9 Chariot Corporation 0.059 -16% 525881 $8,354,764 AJL AJ Lucas Group 0.006 -14% 156934 $9,630,107 BLU Blue Energy Limited 0.006 -14% 20000 $12,956,815 BYH Bryah Resources Ltd 0.006 -14% 3574 $6,789,675 IN CASE YOU MISSED IT Silver Mines (ASX:SVL) has lodged all information to assist with the redetermination of the Development Application for its flagship Bowdens Silver Project. Zenith Minerals (ASX:ZNC) is gearing up to drill its Dulcie gold project in WA, hoping to unlock a large exploration target. Brazilian Critical Minerals (ASX:BCM) has selected newly formed Altris Engineering as lead engineer for the Ema project bankable feasibility study. DigitalX (ASX:DCC) has rapidly executed its latest capital raise, deploying nearly all proceeds into Bitcoin within hours of settlement. Chariot Corporation (ASX:CC9) has raised $1.6 million in a strategic placement to advance its Nigerian lithium portfolio. Non-bank lender MONEYME (ASX:MME) has become a principal credit card issuer for Mastercard in Australia. IoT technology company X2M Connect (ASX:X2M) is building on lucrative contract wins with a $4.9m capital raise to ramp-up momentum. Many Peaks Minerals (ASX:MPK) has its sights set on a potential bulk tonnage operation at the Ferké gold project in Côte d'Ivoire. Pioneer Lithium (ASX:PLN) has been granted the Botsalano project in southern Botswana, expanding its strategic uranium footprint. TRADING HALTS At Stockhead, we tell it like it is. While Locksley Resources and Imagion Biosystems are Stockhead advertisers, they did not sponsor this article.
Yahoo
23-04-2025
- Business
- Yahoo
ASX Penny Stocks To Watch: Arafura Rare Earths And 2 More
The ASX200 is set to open around 2% higher, reflecting a positive shift in investor sentiment following hopeful signs of easing tensions in the U.S.-China trade war. For those considering investments in smaller or emerging companies, penny stocks—despite their somewhat outdated moniker—continue to offer intriguing opportunities. These stocks can combine affordability with growth potential, especially when backed by solid financial foundations, and this article will explore several that stand out for their financial strength. Name Share Price Market Cap Financial Health Rating CTI Logistics (ASX:CLX) A$1.66 A$133.7M ★★★★☆☆ MotorCycle Holdings (ASX:MTO) A$2.11 A$155.73M ★★★★★★ EZZ Life Science Holdings (ASX:EZZ) A$1.58 A$74.53M ★★★★★★ IVE Group (ASX:IGL) A$2.43 A$374.66M ★★★★★☆ GTN (ASX:GTN) A$0.605 A$116.34M ★★★★★★ Bisalloy Steel Group (ASX:BIS) A$3.30 A$156.59M ★★★★★★ Regal Partners (ASX:RPL) A$1.69 A$568.12M ★★★★★★ SHAPE Australia (ASX:SHA) A$2.94 A$243.25M ★★★★★★ NRW Holdings (ASX:NWH) A$2.45 A$1.12B ★★★★★☆ LaserBond (ASX:LBL) A$0.375 A$44M ★★★★★★ Click here to see the full list of 988 stocks from our ASX Penny Stocks screener. Here's a peek at a few of the choices from the screener. Simply Wall St Financial Health Rating: ★★★★★★ Overview: Arafura Rare Earths Limited focuses on the exploration and development of mineral properties in Australia, with a market cap of A$517.51 million. Operations: Currently, there are no reported revenue segments for this company. Market Cap: A$517.51M Arafura Rare Earths, with a market cap of A$517.51 million, remains pre-revenue and unprofitable, having reported a net loss of A$18.85 million for the half-year ended December 2024. Despite being debt-free and having short-term assets exceeding liabilities, the company faces challenges due to its inexperienced management and board teams. While it was recently added to the S&P/ASX Emerging Companies Index, it was dropped from several others like the S&P/ASX 300 Index in March 2025. The company's cash runway is limited but has been extended through additional capital raising efforts. Click here and access our complete financial health analysis report to understand the dynamics of Arafura Rare Earths. Evaluate Arafura Rare Earths' prospects by accessing our earnings growth report. Simply Wall St Financial Health Rating: ★★★★☆☆ Overview: CTI Logistics Limited, along with its subsidiaries, offers transport and logistics services across Australia and has a market cap of A$133.70 million. Operations: The company's revenue is primarily derived from its Transport segment, contributing A$228.92 million, followed by the Logistics segment at A$124.18 million, and Property at A$8.13 million. Market Cap: A$133.7M CTI Logistics, with a market cap of A$133.70 million, has shown stable performance in the penny stock sector. The company reported half-year sales of A$165.9 million, slightly up from the previous year, though net income decreased to A$7.11 million. Despite a low return on equity at 12.3%, CTI's debt is well-managed with a satisfactory net debt to equity ratio of 36.5%. Although short-term assets do not cover liabilities, earnings growth has outpaced industry averages and is forecasted to accelerate by 23.25% annually, suggesting potential for future profitability improvements despite current dividend sustainability concerns. Unlock comprehensive insights into our analysis of CTI Logistics stock in this financial health report. Review our growth performance report to gain insights into CTI Logistics' future. Simply Wall St Financial Health Rating: ★★★★★☆ Overview: Diversified United Investment Limited is a publicly owned investment manager with a market cap of A$1.08 billion. Operations: The company generates revenue primarily from its investment activities, totaling A$46.41 million. Market Cap: A$1.08B Diversified United Investment Limited, with a market cap of A$1.08 billion, has demonstrated stable financial management despite recent negative earnings growth. The company's debt is well-managed, with cash exceeding total debt and interest payments covered 12.2 times by EBIT. While the return on equity is low at 3.4%, the firm maintains high-quality past earnings and improved net profit margins year-over-year to 79.3%. However, its dividend yield of 3.21% isn't fully supported by earnings, raising sustainability concerns despite recent dividend affirmations indicating continued shareholder returns amidst seasoned board oversight averaging a tenure of 15 years. Take a closer look at Diversified United Investment's potential here in our financial health report. Understand Diversified United Investment's track record by examining our performance history report. Explore the 988 names from our ASX Penny Stocks screener here. Searching for a Fresh Perspective? The best AI stocks today may lie beyond giants like Nvidia and Microsoft. Find the next big opportunity with these 24 smaller AI-focused companies with strong growth potential through early-stage innovation in machine learning, automation, and data intelligence that could fund your retirement. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include ASX:ARU ASX:CLX and ASX:DUI. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Sign in to access your portfolio
Yahoo
04-03-2025
- Business
- Yahoo
Rare Earth Metals Market Projected to Reach USD 16.26 Billion by 2032
The rare earth metals market is experiencing substantial growth, driven by the rising demand for high-performance materials in various industries, including electronics, automotive, and renewable energy. Austin, March 04, 2025 (GLOBE NEWSWIRE) -- The rare earth metals market is projected to reach a valuation of USD 16.26 billion by 2032, expanding at a compound annual growth rate (CAGR) of 8.75% from 2024 to 2032. The market is mainly driven by the essentiality of rare earth metals technology. As the world pivots more towards EVs, wind turbines, and sophisticated electronic gear, the demand for neodymium, praseodymium, dysprosium, and terbium has risen sharply. All of these are needed for the manufacturing of high-performing magnets used in motors, generators, and other electronic parts. Moreover, government policies encouraging the shift towards green energy solutions, as well as limiting the carbon footprints, have further boosted investments in the extraction and recycling of rare earth metals. Concerns over supply chain constraints and the environmental impact are being met by expanding recycling initiatives, with additional alternative supply stream development. Additionally, rare earth elements are being used in the defense and aerospace industries for advanced weaponry systems, radar technologies, and communication components. Due to their strategic significance, growing government involvement and efforts to secure stable supply chains became common for these materials. Nations are diversifying their supply chains and building domestic production to avoid over-reliance on a small handful of producing PDF Sample of Rare Earth Metals Market @ Key Players: Alkane Resources Ltd. (Rare Earth Oxides, Zirconium) Arafura Rare Earths (Neodymium-Praseodymium, Cerium) Avalon Advanced Materials Inc. (Rare Earth Concentrates, Zirconium) China Minmetals Rare Earth Co., Ltd. (Neodymium, Dysprosium) China Northern Rare Earth (Group) High-Tech Co., Ltd. (Lanthanum, Neodymium) Iluka Resources Limited (Rare Earth Elements, Zircon) Lynas Rare Earths Ltd. (Neodymium, Praseodymium) MP Materials (Neodymium-Praseodymium, Dysprosium) Northern Minerals Limited (Dysprosium, Terbium) Shenghe Resources Hording Co., Ltd. (Lanthanum, Neodymium) Arafura Resources Ltd. (Neodymium, Praseodymium) Australia Strategic Materials Ltd. (Rare Earth Elements, Zircon) Baotou HEFA Rare Earth Co. Ltd. (Lanthanum, Cerium) Bataou Jinmeng Rare Earth Co. (Lanthanum, Neodymium) China Rare Earth Holdings Limited (Lanthanum, Cerium) Energy Fuels Inc. (Rare Earth Oxides, Uranium) Greenland Minerals Ltd. (Neodymium, Praseodymium) Materion Corporation (Rare Earth Alloys, Neodymium) Neo Performance Materials Inc. (Neodymium, Dysprosium) Quest Rare Minerals Ltd. (Neodymium, Praseodymium) Rare Earth Metals Market Report Scope: Report Attributes Details Market Size in 2023 USD 7.66 Billion Market Size by 2032 USD 16.26 Billion CAGR CAGR of 8.75% From 2024 to 2032 Base Year 2023 Forecast Period 2024-2032 Historical Data 2020-2022 Report Scope & Coverage Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook Key Segments •By Type (Lanthanum, Praseodymium, Cerium, Neodymium, Samarium, Others)•By Application (Magnets, Catalysts, Metallurgy, Phosphors, Ceramics, Polishing, Others)•By End-Use Industry (Electronics, Automotive, Energy, Defense & Aerospace, Healthcare, Others) Key Drivers •Rising Demand for Electric Vehicles and Renewable Energy Technologies Drives the Growth of Rare Earth Metals Market•Surge in Demand for High-Performance Electronics and Advanced Technologies Increases Rare Earth Metals Consumption If You Need Any Customization on Rare Earth Metals Market Report, Inquire Now @ Which Region Leads the Rare Earth Metals Market Growth? Asia-Pacific held the largest market share of approximately 65% in 2023, driven by China's dominance in rare earth metal production and refining. China remains the leading producer, accounting for over 60% of the global supply, supported by extensive mining activities, advanced processing technologies, and strong government backing. The region's robust manufacturing sector, particularly in the electronics and renewable energy industries, further contributes to its leadership in the market. In addition, countries such as Japan and South Korea are intensifying efforts to secure rare earth supplies through strategic partnerships and investments in alternative sources. Market Segmentation By Type Neodymium held the largest market share in 2023, accounting for approximately 37% of total revenue. This dominance is attributed to its widespread use in permanent magnets, which are essential components in electric vehicles, wind turbines, and high-performance motors. Neodymium magnets offer superior efficiency, strength, and durability, making them indispensable in the transition to renewable energy and sustainable mobility. The growing production of hybrid and electric vehicles, coupled with increasing investments in wind energy projects, is expected to further drive demand for neodymium. By Application Magnets emerged as the dominant application segment in 2023, capturing nearly 40% of the market share. Rare earth-based magnets, such as neodymium-iron-boron (NdFeB) and samarium-cobalt (SmCo), play a crucial role in high-efficiency motors and generators. The shift toward energy-efficient appliances, electric mobility, and renewable energy infrastructure is fueling demand for these advanced materials. Additionally, growing investments in emerging applications, such as robotics and medical devices, are expected to expand the scope of rare earth magnets in the coming years. By End-Use Industry Electronics dominated the end-use segment in 2023, accounting for around 35% of the total market. Rare earth elements are essential in manufacturing smartphones, laptops, televisions, and other electronic devices due to their unique magnetic, optical, and conductive properties. The rapid advancement of consumer electronics, alongside the expansion of 5G networks and miniaturized components, is driving the demand for rare earth metals. Moreover, the increasing adoption of Internet of Things (IoT) devices and smart home technologies is expected to sustain market growth. Recent Developments In 2023, Lynas Rare Earths Ltd. announced the expansion of its processing facility in Australia to increase its rare earth refining capacity and reduce dependency on Chinese supply chains. In 2023, MP Materials signed a long-term supply agreement with a leading U.S. automotive manufacturer to provide rare earth magnets for electric vehicle production, strengthening North America's supply chain resilience. In 2023, China Northern Rare Earth Group implemented new environmental sustainability measures in its mining and refining processes to align with global carbon neutrality goals. Table of Contents – Major Key Points 1. Introduction 2. Executive Summary 3. Research Methodology 4. Market Dynamics Impact Analysis 5. Statistical Insights and Trends Reporting 6. Competitive Landscape 7. Rare Earth Metals Market Segmentation, by Type 8. Rare Earth Metals Market Segmentation, by Application 9. Rare Earth Metals Market Segmentation, by End-Use Industry 10. Regional Analysis 11. Company Profiles 12. Use Cases and Best Practices 13. ConclusionBuy Full Research Report on Rare Earth Metals Market 2024-2032 @ Buying Options 5 Reports Pack (USD 7500) 10 Report Pack (USD 12000) Vertical Subscription (150 Reports Pack Valid for 1 Year) Use this link to Purchase above packs @ [For more information or need any customization research mail us at info@ About Us: SNS Insider is one of the leading market research and consulting agencies that dominates the market research industry globally. Our company's aim is to give clients the knowledge they require in order to function in changing circumstances. In order to give you current, accurate market data, consumer insights, and opinions so that you can make decisions with confidence, we employ a variety of techniques, including surveys, video talks, and focus groups around the world. CONTACT: Jagney Dave - Vice President of Client Engagement Phone: +1-315 636 4242 (US) | +44- 20 3290 5010 (UK)
