The Global Rare Earth Metals Market Report by Global Insight Services is the single and trusted source of information for the Rare Earth Metals Market. This report provides an analysis of the market impact of the latest market disruptions such as the Russian-Ukraine War and Covid-19. The report provides a qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. The report includes in-depth segmentation and market size data by category, product type, application, and region. The report also includes a comprehensive analysis of recent events such as key issues, trends and drivers, restraints and challenges, competitive landscape, and M&A activity in the market.
Rare earth metals are a set of seventeen chemical elements in the periodic table, specifically the fifteen lanthanides plus scandium and yttrium. Scandium and yttrium are considered rare earth elements because they tend to occur in the same ore deposits as the lanthanides and exhibit similar chemical properties. Rare earth metals are used in a variety of applications, including:
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Key Trends:
The key trends in Rare Earth Metals technology are the increasing demand for these metals and the development of new extraction and production methods.
Rare earth metals are a group of 17 chemical elements in the periodic table, including scandium and yttrium, which are used in a variety of high-tech applications. They are critical components in many of the world’s most popular consumer electronics, including smartphones, laptops, and flat-screen TVs. They are also used in a variety of other industries, such as automotive, defense, and renewable energy.
The demand for rare earth metals has been increasing rapidly in recent years due to the growing popularity of high-tech consumer electronics and the increasing use of these metals in other industries. This has led to a sharp increase in the price of rare earth metals.
To meet the growing demand for rare earth metals, a number of companies have been developing new methods for extracting and producing these metals. These new methods are often more environmentally friendly than traditional mining and production methods.
Some of the key trends in rare earth metals technology include:
– Increasing demand for rare earth metals
– Development of new extraction and production methods
– Increasing use of rare earth metals in a variety of industries
– Rising price of rare earth metals
Key Drivers
The key drivers of the rare earth metals market are the increasing use of rare earth metals in various industries such as automotive, electronics, and energy, and the growing demand for these metals from China.
These metals are used in a variety of applications in the automotive industry, such as in catalytic converters, electric motors, and batteries. The electronics industry is the second largest consumer of rare earth metals, accounting for around 20% of total demand. These metals are used in a variety of applications in the electronics industry, such as in flat-panel displays, computer hard drives, and magnets.
These metals are used in a variety of applications in the energy industry, such as in wind turbines, solar panels, and batteries.
The growing demand for rare earth metals from China is another key driver of the market. The Chinese government has been investing heavily in the rare earth metals industry in recent years in order to secure its supply of these metals.
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Market Segments
The rare earth metals market bifurcated on the basis of metal, application, and region. On the basis of metal, it is segmented into yttrium, dysprosium, terbium, and others. By application, it is analyzed across catalysts, phosphors, ceramics, and others. Region-wise, it is studied across North America, Europe, Asia-Pacific, and rest of the World.
Key Players
The rare earth metals market report includes players such as Lynas Corporation, Alkane Resources, Iluka Resource Ltd., Avalon Advanced Materials, Inc., Arafura Resources Ltd., Beijing Zhongke Sanhuan, Eutectix, LLC, Greenland Minerals Ltd., Ucore Rare Metals Inc., and Neo Materials.
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