Chem Reports predicts that the Rare Earth Elements (REE) Market, valued at USD xxxx million in 2025, is expected to reach USD xxxx million by 2035, growing at a CAGR of xx% globally. The Global Rare Earth Elements Market Report 2025 provides a detailed assessment of extraction trends, technological advancements, geopolitical influences, and downstream applications shaping the REE industry. Rare earth elements—including cerium, neodymium, lanthanum, dysprosium, terbium, yttrium, and others—are critical raw materials used in advanced manufacturing, renewable energy technologies, electronics, catalysts, aerospace components, and automotive systems. The report integrates historical data with current technological and market developments to project demand growth driven by the global shift toward electrification, clean energy, high-performance magnets, and strategic materials security.
Impact of COVID-19 on the Rare Earth Elements Market
The COVID-19 pandemic disrupted mining operations, logistics networks, and supply chains across major REE-producing regions. Temporary shutdowns and transportation challenges impacted availability of key elements used in electronics, automotive components, and industrial catalysts. However, the market recovered strongly as global industries resumed operations, and demand surged for electronics, electric vehicles (EVs), wind turbines, and digital communication devices. The pandemic also accelerated strategic initiatives by governments to strengthen domestic supply chains and reduce dependency on concentrated sources of rare earth materials.
Market Segmentation
1. By Type
• Cerium
• Neodymium
• Lanthanum
• Dysprosium
• Terbium
• Yttrium
• Others
2. By Application
• Catalysts
• Ceramics
• Phosphors
• Metal Alloys
• Magnets
• Others
Top Key Players
1. China Minmetals Corporation
2. Ganzhou Rare Earth Group
3. Great Western Minerals Group
4. Peak Resources
5. Greenland Minerals & Energy
6. Iluka Resources
7. Tantalus Rare Earths
8. Ucore Rare Metals
9. International Ferro Metals
10. Lynas Corporation
11. Molybdenum Corporation of America
12. Arafura Resources
13. Avalon Rare Metals
14. Molycorp Metals and Alloys
15. Northern Minerals
16. Orbite Aluminae
17. Aluminum Corporation of China (CHALCO)
18. Shin-Etsu Chemical
19. Stans Energy
20. Quest Rare Minerals
21. Rare Element Resources
22. Rising Nonferrous Metals Share
Regional Analysis
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain)
Asia-Pacific (China, India, Japan, Southeast Asia)
South America (Brazil, Argentina)
Middle East & Africa (Saudi Arabia, South Africa)
1. Market Drivers, Restraints & Trends
Market Drivers
1. Expansion of Electric Vehicles (EVs) & Renewable Energy
High-performance NdFeB magnets—made using neodymium, praseodymium, dysprosium, and terbium—are essential for EV motors, wind turbines, robotics, and industrial automation. The shift toward electrification remains the strongest long-term demand driver.
2. Growing Demand from Consumer Electronics
Rare earths are critical for smartphone displays, cameras, batteries, sensors, hard drives, and LED lighting. Increasing production of consumer electronics boosts REE consumption globally.
3. Rising Use of Catalysts in Petroleum Refining
Cerium and lanthanum are widely used in fluid catalytic cracking (FCC) units to improve fuel quality and reduce emissions, creating steady demand from refineries.
4. Strategic Importance of REEs in Defense & Aerospace
Rare earths enable advanced systems such as missile guidance, radar, jet engines, lasers, and armored alloys. This strategic importance drives government-supported supply chain initiatives.
5. Global Push for Supply Chain Diversification
Countries outside major producing regions are investing in exploration, mining, and processing capacity to reduce dependence on a few suppliers. This leads to new market entrants and investment inflows.
Market Restraints
1. Highly Concentrated Supply & Geopolitical Risks
Mining and processing capacity is geographically concentrated, making global supply vulnerable to trade restrictions, political tensions, and export controls.
2. Environmental Challenges in Mining & Processing
Rare earth extraction often involves radioactive by-products and chemical-intensive refining. Environmental regulations increase compliance costs and limit expansion opportunities.
3. High Production Costs for Heavy REEs
Elements such as dysprosium, terbium, and europium are scarce and difficult to refine, resulting in high and volatile market prices that affect downstream costs.
4. Limited Recycling Infrastructure
Despite the value of REEs, global recycling rates remain low due to technological challenges and lack of consistent collection systems.
Key Market Trends
1. Growth of Magnet Manufacturing Capacity
The global magnet supply chain is expanding to meet demand from EVs, drones, robotics, and wind energy, driving consumption of neodymium, dysprosium, and terbium.
2. Advancements in Extraction & Processing Technologies
New solvent-extraction systems, membrane separation, and ion-adsorption techniques are improving yields and reducing environmental impact.
3. Increasing Focus on REE Substitutes
Research into ferrite magnets, aluminum-nickel-cobalt alloys, and novel composite materials is ongoing, though high-performance applications still rely on REEs.
4. Adoption of Circular Economy Practices
Companies and governments are investing in rare earth recycling for magnets, batteries, and phosphors, especially in Europe, Japan, and the U.S.
2. SWOT Analysis
Strengths
Weaknesses
Opportunities
Threats
3. Porter’s Five Forces
1. Threat of New Entrants — Low to Moderate
2. Bargaining Power of Suppliers — Very High
3. Bargaining Power of Buyers — Moderate
4. Threat of Substitutes — Moderate
5. Industry Rivalry — High
4. Competitive Landscape Matrix
Below is a qualitative comparison of the major REE producers and developers.
|
Company |
Core Strengths |
Supply Chain Position |
Market Focus |
Competitive Advantages |
|
China Minmetals Corporation |
Large integrated mining & processing |
Fully integrated |
Magnets, catalysts, alloys |
Scale, cost efficiency, consistent supply |
|
Ganzhou Rare Earth Group |
Heavy REE specialization |
Upstream & midstream |
Magnets, high-tech industries |
Strong heavy REE output (Dy, Tb) |
|
Great Western Minerals Group |
Alloy & magnet materials |
Midstream |
Aerospace, defense |
Expertise in rare-earth alloys |
|
Peak Resources |
NdPr development |
Upstream |
EV motors, magnets |
High-grade NdPr reserves |
|
Greenland Minerals & Energy |
Large untapped resource |
Upstream |
Mixed REEs |
Strategic diversification potential |
|
Iluka Resources |
Mineral sands & REE recovery |
Upstream |
Refining, industrial |
Co-product extraction capability |
|
Tantalus Rare Earths |
Exploration & development |
Upstream |
Heavy REEs |
Resource-rich geological base |
|
Ucore Rare Metals |
Technology-driven separation |
Midstream |
Critical minerals supply |
Sustainable refining technologies |
|
International Ferro Metals |
Alloy production |
Downstream |
Steel, industrial alloys |
Specialty alloy expertise |
|
Lynas Corporation |
Major non-China producer |
Upstream & midstream |
Magnets, electronics |
High-quality NdPr supply chain |
|
Arafura Resources |
NdPr project development |
Upstream |
EVs, wind turbines |
Dedicated magnet-materials project |
|
Avalon Rare Metals |
Specialty metals |
Upstream |
High-tech applications |
Diversified rare-metal portfolio |
|
Molycorp Metals and Alloys |
Metal & alloy production |
Midstream |
Magnets, alloys |
Advanced refining and alloy expertise |
|
Northern Materials |
Dysprosium-rich output |
Upstream |
High-temp magnets |
Heavy REE specialization |
|
Orbite Aluminae |
Innovative extraction processes |
Midstream |
High-purity REEs |
Unique, cleaner extraction tech |
|
Aluminum Corporation of China (CHALCO) |
Large-scale metals producer |
Integrated |
Alloys, chemicals |
Strong industrial presence |
|
Shin-Etsu Chemical |
Magnetic materials |
Downstream |
Electronics, motors |
Leading magnet manufacturer |
|
Stans Energy |
Central Asian resources |
Upstream |
Mixed REEs |
Strategic geographic assets |
|
Quest Rare Minerals |
Heavy REE development |
Upstream |
Specialty markets |
High-value heavy REE portfolio |
|
Rare Element Resources |
U.S. REE development |
Upstream |
Defense, tech |
Strategic domestic supply source |
|
Rising Nonferrous Metals Share |
Processing and alloys |
Midstream |
Industrial REEs |
Broad processing infrastructure |
1. Market Overview of Rare Earth Elements (REE)
1.1 Rare Earth Elements (REE) Market Overview
1.1.1 Rare Earth Elements (REE) Product Scope
1.1.2 Market Status and Outlook
1.2 Rare Earth Elements (REE) Market Size by Regions:
1.3 Rare Earth Elements (REE) Historic Market Size by Regions
1.4 Rare Earth Elements (REE) Forecasted Market Size by Regions
1.5 Covid-19 Impact on Key Regions, Keyword Market Size YoY Growth
1.5.1 North America
1.5.2 East Asia
1.5.3 Europe
1.5.4 South Asia
1.5.5 Southeast Asia
1.5.6 Middle East
1.5.7 Africa
1.5.8 Oceania
1.5.9 South America
1.5.10 Rest of the World
1.6 Coronavirus Disease 2019 (Covid-19) Impact Will Have a Severe Impact on Global Growth
1.6.1 Covid-19 Impact: Global GDP Growth, Projections
1.6.2 Covid-19 Impact: Commodity Prices Indices
1.6.3 Covid-19 Impact: Global Major Government Policy
2. Covid-19 Impact Rare Earth Elements (REE) Sales Market by Type
2.1 Global Rare Earth Elements (REE) Historic Market Size by Type
2.2 Global Rare Earth Elements (REE) Forecasted Market Size by Type
2.3 Cerium
2.4 Neodymium
2.5 Lanthanum
2.6 Dysprosium
2.7 Terbium
2.8 Yttrium
2.9 Others
3. Covid-19 Impact Rare Earth Elements (REE) Sales Market by Application
3.1 Global Rare Earth Elements (REE) Historic Market Size by Application
3.2 Global Rare Earth Elements (REE) Forecasted Market Size by Application
3.3 Catalysts
3.4 Ceramics
3.5 Phosphors
3.6 Metal Alloys
3.7 Magnets
3.8 Others
4. Covid-19 Impact Market Competition by Manufacturers
4.1 Global Rare Earth Elements (REE) Production Capacity Market Share by Manufacturers
4.2 Global Rare Earth Elements (REE) Revenue Market Share by Manufacturers
4.3 Global Rare Earth Elements (REE) Average Price by Manufacturers
5. Company Profiles and Key Figures in Rare Earth Elements (REE) Business
5.1 China Minmetals Corporation
5.1.1 China Minmetals Corporation Company Profile
5.1.2 China Minmetals Corporation Rare Earth Elements (REE) Product Specification
5.1.3 China Minmetals Corporation Rare Earth Elements (REE) Production Capacity, Revenue, Price and Gross Margin
5.2 Ganzhou Rare Earth Group
5.2.1 Ganzhou Rare Earth Group Company Profile
5.2.2 Ganzhou Rare Earth Group Rare Earth Elements (REE) Product Specification
5.2.3 Ganzhou Rare Earth Group Rare Earth Elements (REE) Production Capacity, Revenue, Price and Gross Margin
5.3 Great Western Minerals Group
5.3.1 Great Western Minerals Group Company Profile
5.3.2 Great Western Minerals Group Rare Earth Elements (REE) Product Specification
5.3.3 Great Western Minerals Group Rare Earth Elements (REE) Production Capacity, Revenue, Price and Gross Margin
5.4 Peak Resources
5.4.1 Peak Resources Company Profile
5.4.2 Peak Resources Rare Earth Elements (REE) Product Specification
5.4.3 Peak Resources Rare Earth Elements (REE) Production Capacity, Revenue, Price and Gross Margin
5.5 Greenland Minerals & Energy
5.5.1 Greenland Minerals & Energy Company Profile
5.5.2 Greenland Minerals & Energy Rare Earth Elements (REE) Product Specification
5.5.3 Greenland Minerals & Energy Rare Earth Elements (REE) Production Capacity, Revenue, Price and Gross Margin
5.6 Iluka Resources
5.6.1 Iluka Resources Company Profile
5.6.2 Iluka Resources Rare Earth Elements (REE) Product Specification
5.6.3 Iluka Resources Rare Earth Elements (REE) Production Capacity, Revenue, Price and Gross Margin
5.7 Tantalus Rare Earths
5.7.1 Tantalus Rare Earths Company Profile
5.7.2 Tantalus Rare Earths Rare Earth Elements (REE) Product Specification
5.7.3 Tantalus Rare Earths Rare Earth Elements (REE) Production Capacity, Revenue, Price and Gross Margin
5.8 Ucore Rare Metals
5.8.1 Ucore Rare Metals Company Profile
5.8.2 Ucore Rare Metals Rare Earth Elements (REE) Product Specification
5.8.3 Ucore Rare Metals Rare Earth Elements (REE) Production Capacity, Revenue, Price and Gross Margin
5.9 International Ferro Metals
5.9.1 International Ferro Metals Company Profile
5.9.2 International Ferro Metals Rare Earth Elements (REE) Product Specification
5.9.3 International Ferro Metals Rare Earth Elements (REE) Production Capacity, Revenue, Price and Gross Margin
5.10 Lynas Corporation
5.10.1 Lynas Corporation Company Profile
5.10.2 Lynas Corporation Rare Earth Elements (REE) Product Specification
5.10.3 Lynas Corporation Rare Earth Elements (REE) Production Capacity, Revenue, Price and Gross Margin
5.11 Molybdenum Corporation of America
5.11.1 Molybdenum Corporation of America Company Profile
5.11.2 Molybdenum Corporation of America Rare Earth Elements (REE) Product Specification
5.11.3 Molybdenum Corporation of America Rare Earth Elements (REE) Production Capacity, Revenue, Price and Gross Margin
5.12 Arafura Resources
5.12.1 Arafura Resources Company Profile
5.12.2 Arafura Resources Rare Earth Elements (REE) Product Specification
5.12.3 Arafura Resources Rare Earth Elements (REE) Production Capacity, Revenue, Price and Gross Margin
5.13 Avalon Rare Metals
5.13.1 Avalon Rare Metals Company Profile
5.13.2 Avalon Rare Metals Rare Earth Elements (REE) Product Specification
5.13.3 Avalon Rare Metals Rare Earth Elements (REE) Production Capacity, Revenue, Price and Gross Margin
5.14 Molycorp Metals and Alloys
5.14.1 Molycorp Metals and Alloys Company Profile
5.14.2 Molycorp Metals and Alloys Rare Earth Elements (REE) Product Specification
5.14.3 Molycorp Metals and Alloys Rare Earth Elements (REE) Production Capacity, Revenue, Price and Gross Margin
5.15 Northern Minerals
5.15.1 Northern Minerals Company Profile
5.15.2 Northern Minerals Rare Earth Elements (REE) Product Specification
5.15.3 Northern Minerals Rare Earth Elements (REE) Production Capacity, Revenue, Price and Gross Margin
5.16 Orbite Aluminae
5.16.1 Orbite Aluminae Company Profile
5.16.2 Orbite Aluminae Rare Earth Elements (REE) Product Specification
5.16.3 Orbite Aluminae Rare Earth Elements (REE) Production Capacity, Revenue, Price and Gross Margin
5.17 Aluminum Corporation of China
5.17.1 Aluminum Corporation of China Company Profile
5.17.2 Aluminum Corporation of China Rare Earth Elements (REE) Product Specification
5.17.3 Aluminum Corporation of China Rare Earth Elements (REE) Production Capacity, Revenue, Price and Gross Margin
5.18 Shin-Etsu Chemical
5.18.1 Shin-Etsu Chemical Company Profile
5.18.2 Shin-Etsu Chemical Rare Earth Elements (REE) Product Specification
5.18.3 Shin-Etsu Chemical Rare Earth Elements (REE) Production Capacity, Revenue, Price and Gross Margin
5.19 Stans Energy
5.19.1 Stans Energy Company Profile
5.19.2 Stans Energy Rare Earth Elements (REE) Product Specification
5.19.3 Stans Energy Rare Earth Elements (REE) Production Capacity, Revenue, Price and Gross Margin
5.20 Quest Rare Minerals
5.20.1 Quest Rare Minerals Company Profile
5.20.2 Quest Rare Minerals Rare Earth Elements (REE) Product Specification
5.20.3 Quest Rare Minerals Rare Earth Elements (REE) Production Capacity, Revenue, Price and Gross Margin
5.21 Rare Element Resources
5.21.1 Rare Element Resources Company Profile
5.21.2 Rare Element Resources Rare Earth Elements (REE) Product Specification
5.21.3 Rare Element Resources Rare Earth Elements (REE) Production Capacity, Revenue, Price and Gross Margin
5.22 Rising Nonferrous Metals Share
5.22.1 Rising Nonferrous Metals Share Company Profile
5.22.2 Rising Nonferrous Metals Share Rare Earth Elements (REE) Product Specification
5.22.3 Rising Nonferrous Metals Share Rare Earth Elements (REE) Production Capacity, Revenue, Price and Gross Margin
6. North America
6.1 North America Rare Earth Elements (REE) Market Size
6.2 North America Rare Earth Elements (REE) Key Players in North America
6.3 North America Rare Earth Elements (REE) Market Size by Type
6.4 North America Rare Earth Elements (REE) Market Size by Application
7. East Asia
7.1 East Asia Rare Earth Elements (REE) Market Size
7.2 East Asia Rare Earth Elements (REE) Key Players in North America
7.3 East Asia Rare Earth Elements (REE) Market Size by Type
7.4 East Asia Rare Earth Elements (REE) Market Size by Application
8. Europe
8.1 Europe Rare Earth Elements (REE) Market Size
8.2 Europe Rare Earth Elements (REE) Key Players in North America
8.3 Europe Rare Earth Elements (REE) Market Size by Type
8.4 Europe Rare Earth Elements (REE) Market Size by Application
9. South Asia
9.1 South Asia Rare Earth Elements (REE) Market Size
9.2 South Asia Rare Earth Elements (REE) Key Players in North America
9.3 South Asia Rare Earth Elements (REE) Market Size by Type
9.4 South Asia Rare Earth Elements (REE) Market Size by Application
10. Southeast Asia
10.1 Southeast Asia Rare Earth Elements (REE) Market Size
10.2 Southeast Asia Rare Earth Elements (REE) Key Players in North America
10.3 Southeast Asia Rare Earth Elements (REE) Market Size by Type
10.4 Southeast Asia Rare Earth Elements (REE) Market Size by Application
11. Middle East
11.1 Middle East Rare Earth Elements (REE) Market Size
11.2 Middle East Rare Earth Elements (REE) Key Players in North America
11.3 Middle East Rare Earth Elements (REE) Market Size by Type
11.4 Middle East Rare Earth Elements (REE) Market Size by Application
12. Africa
12.1 Africa Rare Earth Elements (REE) Market Size
12.2 Africa Rare Earth Elements (REE) Key Players in North America
12.3 Africa Rare Earth Elements (REE) Market Size by Type
12.4 Africa Rare Earth Elements (REE) Market Size by Application
13. Oceania
13.1 Oceania Rare Earth Elements (REE) Market Size
13.2 Oceania Rare Earth Elements (REE) Key Players in North America
13.3 Oceania Rare Earth Elements (REE) Market Size by Type
13.4 Oceania Rare Earth Elements (REE) Market Size by Application
14. South America
14.1 South America Rare Earth Elements (REE) Market Size
14.2 South America Rare Earth Elements (REE) Key Players in North America
14.3 South America Rare Earth Elements (REE) Market Size by Type
14.4 South America Rare Earth Elements (REE) Market Size by Application
15. Rest of the World
15.1 Rest of the World Rare Earth Elements (REE) Market Size
15.2 Rest of the World Rare Earth Elements (REE) Key Players in North America
15.3 Rest of the World Rare Earth Elements (REE) Market Size by Type
15.4 Rest of the World Rare Earth Elements (REE) Market Size by Application
16 Rare Earth Elements (REE) Market Dynamics
16.1 Covid-19 Impact Market Top Trends
16.2 Covid-19 Impact Market Drivers
16.3 Covid-19 Impact Market Challenges
16.4 Porter?s Five Forces Analysis
18 Regulatory Information
17 Analyst's Viewpoints/Conclusions
18 Appendix
18.1 Research Methodology
18.1.1 Methodology/Research Approach
18.1.2 Data Source
18.2 Disclaimer
Market Segmentation
1. By Type
• Cerium
• Neodymium
• Lanthanum
• Dysprosium
• Terbium
• Yttrium
• Others
2. By Application
• Catalysts
• Ceramics
• Phosphors
• Metal Alloys
• Magnets
• Others
Top Key Players
1. China Minmetals Corporation
2. Ganzhou Rare Earth Group
3. Great Western Minerals Group
4. Peak Resources
5. Greenland Minerals & Energy
6. Iluka Resources
7. Tantalus Rare Earths
8. Ucore Rare Metals
9. International Ferro Metals
10. Lynas Corporation
11. Molybdenum Corporation of America
12. Arafura Resources
13. Avalon Rare Metals
14. Molycorp Metals and Alloys
15. Northern Minerals
16. Orbite Aluminae
17. Aluminum Corporation of China (CHALCO)
18. Shin-Etsu Chemical
19. Stans Energy
20. Quest Rare Minerals
21. Rare Element Resources
22. Rising Nonferrous Metals Share
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