Rare Earth Metals Market, By Metals (Neodymium, yttrium, Dysprosium, Terbium, Europium, Cerium, Lanthanum), By Application (Catalysts, Permanent Magnets, Metallurgy & Alloy, Polishing), By Geography (North America, Europe, Asia Pacific, Latin America, Middle East and Africa).

Published In : Mar 2024

Code : CMI293

Pages :110

Formats :

Excel and PDF

Industry : Advanced Materials

Market Concentration and Competitive Landscape

Rare Earth Metals Market Concentration, By Players

Close-monitor your Competitor's Move, Request sample copy

Geopolitical stockpiling

Growing concern of supply security and geopolitical stockpiling among major consumer nations is expected to drive the market growth. China dominates the global rare earth supply chain accounting for over 80% of production. This heavy reliance on China makes supply vulnerable to any trade restrictions or supply disruptions, as was evident during the China-Japan trade war a few years ago. There are also environmental and resource nationalization risks arising from Chinese policies. These supply risks have prompted countries like the U.S., Japan, Europe to focus on diversifying supply and developing domestic production.

Key Players Insights