Latest news with #RareEarthMetals
Yahoo
5 days ago
- Business
- Yahoo
Rare Earth Metals Market worth $7,386.3 million by 2030 - Exclusive Report by MarketsandMarkets™
DELRAY BEACH, Fla., Aug. 12, 2025 /PRNewswire/ -- The report "Rare Earth Metals Market by Type (Lanthanum Oxide, Cerium Oxide, Neodymium Oxide, Europium Oxide, Terbium Oxide), Application (Permanent Magnets, Catalysts, Glass Polishing, Phosphors, Metal Alloys, Ceramics), and Region - Global Forecast to 2030 ", Rare earth metals market was valued at USD 5,139.1 million in 2024, and is projected to reach USD 7,386.3 million by 2030, at a CAGR of 6.2%. Browse in-depth TOC on "Rare Earth Metals Market" 180 - Tables80 - Figures230 - Pages Download PDF Brochure: Rare earth metals describe a group of 17 elements which occur relatively abundantly in the Earth's crust, though not often in concentrations high enough for them to be easily mined and processed. These elements possess special properties that create significant utility in modern technology, such as strong magnetism and electrical conductivity. As internationally recognized critical minerals, rare earth elements are important and significant to clean energy systems, electronics, and some defense technologies. The processes to extract and supply rare earths face challenges related to processing complexity, health and safety and environmental impacts, and the small number of locations with global production exposure. It is no surprise that for many nations interested in technological resilience and sustainability, rare earth metals constitute a strategic concern. Based on type, the neodymium oxide segment accounted for the largest market share in 2024 In 2024, the neodymium oxide segment held the largest market share in the global rare earth metals market owing to its importance in producing high-performance permanent magnets that act as essential components for certain motors used in electric vehicles (EVs), generators for wind turbine generators used in clean renewable energy, industrial automation equipment, and many of the most versatile consumer electronics. A global focus on sustainable mobility and clean energy spurred demand for neodymium-based magnets, which made neodymium oxide one of the most attractive rare earth compounds. In addition to being an essential rare earth compound, neodymium oxide's heavy use in the manufacturing of permanent magnets is due to its significant strength magnetic field and heat resistance, which can lead to energy efficiency and durability in their applications. The consumption of neodymium oxide has increased tremendously with the rise in electric vehicle adoption in regions, such as Asia Pacific, North America, and Europe, alongside the rise in wind energy installation occurring across the globe. Increasing investments in domestic supply chains for rare earth materials, along with investments into downstream magnet manufacturing initiatives and/or programs illustrate the strategic importance of neodymium oxide. In 2024, demand for neodymium oxide also rose due to applications into defense systems, or defense system components, medical imaging, robotics, and other types of robotics. Request Sample Pages: Based on application, the permanent magnets segment is projected to account for the largest market share during the forecast period The permanent magnets segment accounted for the highest market share globally based on application for rare earth metals in 2024 as a result of unprecedented demand for rare earth elements in electric mobility, renewable energy, electronics, and industrial automation. Permanent magnets are predominant magnet technologies made from rare earth metals, namely, neodymium, praseodymium, dysprosium, and samarium, which are crucial in the function of electric engines, wind turbine generators, medical devices, and robotics. The demand for rare earth magnets was primarily driven by the transition to electric vehicles (EVs), and hybrid vehicles. OEMs have increased reliance on rare earth magnets in order to improve electric motor efficiency and battery consumption. In addition, the robust global demand for wind energy development has resulted in demand for high-strength magnets that perform well in wind turbine assemblies and offshore environments. The consumer electronics and accessories market contributes to the demand and growth of rare earth permanent magnets because they depend heavily on permanent magnets in items, such as speakers, smartphones, and hard disk drives, leading to stable and growing demand. The trend of countries trying to regionalize rare earth supply chains increased investments in the domestic production of permanent magnets, particularly in the Asia Pacific region, Europe, and North America. With wind energy developers and consumer electronics companies seeking reliable long-term sources of permanent magnet materials, it strengthened the strategic value of permanent magnets as the leading application of 2024. Asia Pacific accounted for the largest share of the market in 2024 In 2024, Asia Pacific continued to lead the global market in the rare earth metals space, largely engineered by China's unrivalled ability to produce and process rare earth metals. Asia Pacific is benefiting from a strong manufacturing base and increased consumption from electric vehicles, wind turbines, electronics, and clean energy technologies. Japan and South Korea are significant contributors to regional consumption as these countries have high-tech industries that consume rare earth components. In addition, the recent rise of industrialization and infrastructure development in emerging economies, including India and Southeast Asian countries has concurrently increased consumption of rare earth elements in the automotive, energy, defense, and electronics sectors. Moreover, governments and policies to direct investments and supply of local processing and recycling technologies in the sector is fueling further consolidation in the Asia Pacific region. At a time when firms are seeking to strengthen supply chains and high value applications, Asia Pacific accounts for the market share of impressive extent in 2024. The region continued to be the market leader in the rare earth metals market in 2024. Request Customization: Key Players The rare earth metals market comprises major players, such as Lynas Rare Earths Ltd. (Australia), Australian Strategic Materials Ltd. (Australia), Arafura Rare Earths Limited (Australia), Shenghe Resources Holding Co. Ltd (China), China Rare Earth Holdings Limited (China), Baotou HEFA Rare Earth Co. Ltd. (China), Canada Rare Earth Corporation (Canada), Northern Minerals (Australia), MP Materials (US), Avalon Advanced Materials Inc. (Canada), and others, which are covered in the rare earth metals market. Expansions, acquisitions, joint ventures, and product developments are some of the major strategies adopted by these key players to enhance their positions in the rare earth metals market. Get access to the latest updates on Rare Earth Metals Companies and Rare Earth Metals Market Size Browse Adjacent Market: Mining Minerals and Metals Market Research Reports & Consulting Related Reports: Rare-Earth Metal Recycling Market - Global Forecast to 2026 Rare Earth Metals Leaching Chemicals Market - Global Forecast to 2027 Metal Organic Frameworks Market - Global Forecast to 2030 Industrial Fasteners Market - Global Forecast to 2029 Titanium Market - Global Forecast to 2030About MarketsandMarkets™ MarketsandMarkets™ has been recognized as one of America's best management consulting firms by Forbes, as per their recent report. MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients. Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes. The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry. To find out more, visit or follow us on Twitter, LinkedIn and Facebook. Contact:Mr. Rohan SalgarkarMarketsandMarkets™ INC.1615 South Congress 103, Delray Beach, FL 33445USA: +1-888-600-6441Email: sales@ Our Website: Logo: View original content: SOURCE MarketsandMarkets
Yahoo
5 days ago
- Business
- Yahoo
Rare Earth Metals Market worth $7,386.3 million by 2030 - Exclusive Report by MarketsandMarkets™
DELRAY BEACH, Fla., Aug. 12, 2025 /PRNewswire/ -- The report "Rare Earth Metals Market by Type (Lanthanum Oxide, Cerium Oxide, Neodymium Oxide, Europium Oxide, Terbium Oxide), Application (Permanent Magnets, Catalysts, Glass Polishing, Phosphors, Metal Alloys, Ceramics), and Region - Global Forecast to 2030 ", Rare earth metals market was valued at USD 5,139.1 million in 2024, and is projected to reach USD 7,386.3 million by 2030, at a CAGR of 6.2%. Browse in-depth TOC on "Rare Earth Metals Market" 180 - Tables80 - Figures230 - Pages Download PDF Brochure: Rare earth metals describe a group of 17 elements which occur relatively abundantly in the Earth's crust, though not often in concentrations high enough for them to be easily mined and processed. These elements possess special properties that create significant utility in modern technology, such as strong magnetism and electrical conductivity. As internationally recognized critical minerals, rare earth elements are important and significant to clean energy systems, electronics, and some defense technologies. The processes to extract and supply rare earths face challenges related to processing complexity, health and safety and environmental impacts, and the small number of locations with global production exposure. It is no surprise that for many nations interested in technological resilience and sustainability, rare earth metals constitute a strategic concern. Based on type, the neodymium oxide segment accounted for the largest market share in 2024 In 2024, the neodymium oxide segment held the largest market share in the global rare earth metals market owing to its importance in producing high-performance permanent magnets that act as essential components for certain motors used in electric vehicles (EVs), generators for wind turbine generators used in clean renewable energy, industrial automation equipment, and many of the most versatile consumer electronics. A global focus on sustainable mobility and clean energy spurred demand for neodymium-based magnets, which made neodymium oxide one of the most attractive rare earth compounds. In addition to being an essential rare earth compound, neodymium oxide's heavy use in the manufacturing of permanent magnets is due to its significant strength magnetic field and heat resistance, which can lead to energy efficiency and durability in their applications. The consumption of neodymium oxide has increased tremendously with the rise in electric vehicle adoption in regions, such as Asia Pacific, North America, and Europe, alongside the rise in wind energy installation occurring across the globe. Increasing investments in domestic supply chains for rare earth materials, along with investments into downstream magnet manufacturing initiatives and/or programs illustrate the strategic importance of neodymium oxide. In 2024, demand for neodymium oxide also rose due to applications into defense systems, or defense system components, medical imaging, robotics, and other types of robotics. Request Sample Pages: Based on application, the permanent magnets segment is projected to account for the largest market share during the forecast period The permanent magnets segment accounted for the highest market share globally based on application for rare earth metals in 2024 as a result of unprecedented demand for rare earth elements in electric mobility, renewable energy, electronics, and industrial automation. Permanent magnets are predominant magnet technologies made from rare earth metals, namely, neodymium, praseodymium, dysprosium, and samarium, which are crucial in the function of electric engines, wind turbine generators, medical devices, and robotics. The demand for rare earth magnets was primarily driven by the transition to electric vehicles (EVs), and hybrid vehicles. OEMs have increased reliance on rare earth magnets in order to improve electric motor efficiency and battery consumption. In addition, the robust global demand for wind energy development has resulted in demand for high-strength magnets that perform well in wind turbine assemblies and offshore environments. The consumer electronics and accessories market contributes to the demand and growth of rare earth permanent magnets because they depend heavily on permanent magnets in items, such as speakers, smartphones, and hard disk drives, leading to stable and growing demand. The trend of countries trying to regionalize rare earth supply chains increased investments in the domestic production of permanent magnets, particularly in the Asia Pacific region, Europe, and North America. With wind energy developers and consumer electronics companies seeking reliable long-term sources of permanent magnet materials, it strengthened the strategic value of permanent magnets as the leading application of 2024. Asia Pacific accounted for the largest share of the market in 2024 In 2024, Asia Pacific continued to lead the global market in the rare earth metals space, largely engineered by China's unrivalled ability to produce and process rare earth metals. Asia Pacific is benefiting from a strong manufacturing base and increased consumption from electric vehicles, wind turbines, electronics, and clean energy technologies. Japan and South Korea are significant contributors to regional consumption as these countries have high-tech industries that consume rare earth components. In addition, the recent rise of industrialization and infrastructure development in emerging economies, including India and Southeast Asian countries has concurrently increased consumption of rare earth elements in the automotive, energy, defense, and electronics sectors. Moreover, governments and policies to direct investments and supply of local processing and recycling technologies in the sector is fueling further consolidation in the Asia Pacific region. At a time when firms are seeking to strengthen supply chains and high value applications, Asia Pacific accounts for the market share of impressive extent in 2024. The region continued to be the market leader in the rare earth metals market in 2024. Request Customization: Key Players The rare earth metals market comprises major players, such as Lynas Rare Earths Ltd. (Australia), Australian Strategic Materials Ltd. (Australia), Arafura Rare Earths Limited (Australia), Shenghe Resources Holding Co. Ltd (China), China Rare Earth Holdings Limited (China), Baotou HEFA Rare Earth Co. Ltd. (China), Canada Rare Earth Corporation (Canada), Northern Minerals (Australia), MP Materials (US), Avalon Advanced Materials Inc. (Canada), and others, which are covered in the rare earth metals market. Expansions, acquisitions, joint ventures, and product developments are some of the major strategies adopted by these key players to enhance their positions in the rare earth metals market. Get access to the latest updates on Rare Earth Metals Companies and Rare Earth Metals Market Size Browse Adjacent Market: Mining Minerals and Metals Market Research Reports & Consulting Related Reports: Rare-Earth Metal Recycling Market - Global Forecast to 2026 Rare Earth Metals Leaching Chemicals Market - Global Forecast to 2027 Metal Organic Frameworks Market - Global Forecast to 2030 Industrial Fasteners Market - Global Forecast to 2029 Titanium Market - Global Forecast to 2030About MarketsandMarkets™ MarketsandMarkets™ has been recognized as one of America's best management consulting firms by Forbes, as per their recent report. MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients. Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes. The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry. To find out more, visit or follow us on Twitter, LinkedIn and Facebook. Contact:Mr. Rohan SalgarkarMarketsandMarkets™ INC.1615 South Congress 103, Delray Beach, FL 33445USA: +1-888-600-6441Email: sales@ Our Website: Logo: View original content: SOURCE MarketsandMarkets
Reuters
10-07-2025
- Business
- Reuters
Breakingviews - Pentagon digs deep to mine SPAC of last resort
NEW YORK, July 10 (Reuters Breakingviews) - Trade-war costs are piling up. China's chokehold on rare earth metals used in everything from electric vehicles to military equipment has led to a pricey Pentagon deal, opens new tab with MP Materials (MP.N), opens new tab to secure domestic supply. It lays bare the price of President Donald Trump's mercurial and contradictory policies. Minerals described as rare are abundant, but the deposits are scattered and hard to refine. MP's Mountain Pass is the only end-to-end U.S. pit focused on magnets. Boss James Litinsky took the miner public by merging it with a special-purpose acquisition company, or SPAC, in 2020. Like so many other deals with cash-stuffed shells, it has been a disappointment. MP generated less than half the $250 million of EBITDA expected, opens new tab in 2023. It also touted promising markets in EVs and wind turbines, whose prospects have been dampened by the Trump administration. Worse still, the company relied on an offtake agreement, opens new tab for its unrefined concentrates with China's Shenghe Resources ( opens new tab, a partly state-owned miner that is also an MP shareholder. The country accounts for 91% of rare-earths refining, according to, opens new tab the International Energy Agency, making the threat of cutting off supplies a potent one. The U.S. Department of Defense unveiled its solution on Thursday. It set a minimum price for MP's refined neodymium-praseodymium oxide, or NdPr. At $110 per kilogram, it is far higher than the metal's spot price and its recent historical average. This should help $7 billion MP offset the loss of Shenghe after it stopped selling to China in April because of Beijing's tariffs on U.S. imports. As part of the deal, opens new tab with the government, it has agreed to rip up the offtake agreement entirely. The company's cost to produce NdPr last quarter was about $60 per kilogram, and analysts expect it to produce 5.4 kilotons in 2026, according to Visible Alpha. On that basis, the DoD will fund some $270 million of EBITDA, more than twice as much as was previously anticipated for the whole company. Magnets, too, will benefit from new U.S. military contracts. MP shares jumped more than 40%. The government was in a tight spot. Stakes held by Shenghe and Australian billionaire Gina Rinehart, along with last year's takeover approach, opens new tab from Lynas Rare Earths ( opens new tab, complicated matters and left MP vulnerable. U.S. taxpayers are nevertheless paying a steep price to secure rare earths, including lending the company $150 million alongside equity ownership, through both preferred stock and warrants exchangeable into common shares. For a Republican party that professes to champion free markets, it's a noticeably forceful fist-bump with the invisible hand. Follow Jonathan Guilford on X, opens new tab and Linkedin, opens new tab.
Associated Press
19-06-2025
- Business
- Associated Press
Hasetins to Construct $400 Million Rare Earth, Critical Metal Plant
Abuja, Nigeria--(Newsfile Corp. - June 19, 2025) - Hasetins Commodities, a leader in mineral processing and exploration, is proud to announce the construction of a 12,000 tons per annum state-of-the-art Rare Earth and Critical Metal Processing Plant in Nigeria. Hasetins currently has 6,000 tons per annum processing capacity across its facilities that adheres to OECD standards. This new plant will increase Hasetins production capacity to an impressive 18,000 tpa , enabling the company to meet the growing demand for critical metals in various industries. Rare earth metals play a pivotal role in modern technology, powering a variety of applications including electronics, renewable energy systems, electric vehicles, and defense technologies. The increased production capacity of Hasetins will not only help meet the escalating global demand for these essential materials but also contribute to the sustainable development of the country's resources. 'We are thrilled to embark on this new journey, which marks a significant milestone for Hasetins and underscores our commitment to sustainable resource management,' said Prince Jidayi, Managing Director of Hasetins Commodities. 'This facility will not only increase our processing capacity but will also accommodate the rising demand for feedstock from our mining sites and provide additional opportunities for artisanal miners in the area,' he added. The new processing plant will create numerous job opportunities in the region, supporting local communities and promoting social and economic growth. By empowering artisanal miners, Hasetins will enable these individuals to bring in additional feedstock, thereby fostering a more inclusive mining industry that benefits all stakeholders. The construction of this additional Rare Earth and Critical Metal Processing Plant signifies a decisive step towards a more sustainable future, enhancing Nigeria's position in the global market and contributing to advanced technologies that benefits the society. For further information about the project, please contact: Sophie Hansen Media Relations [email protected] To view the source version of this press release, please visit
