Market demand for rare earths in 2018 reached 190,000 tons?

RNR U.S. market research firm recently released a study of the rare earth market trends report , " 2018 rare earth market ( lanthanum , cerium, neodymium , praseodymium , samarium, europium , and other elements ) and its applications ( permanent magnets , metal alloys, polishing powder , additives , catalysts, phosphors , and other areas ) of global trends and forecasts . "

According to the report, from 2013 to 2018 , the rare earth metals market demand will grow at a CAGR of 9% . To 2018 to reach 192,000 t REO.

The report concluded that the rare earth market growth drivers are current and emerging application areas of high demand for rare earth metals , as well as clean energy and clean technology in the growing demand for rare earth elements in the current governments actively promoted and driven . The development of green energy technologies and devices will drive the development of rare earth market .

But they also believe that factors that influence the development of rare earth market price fluctuations in raw materials and rare earth rare earth minerals illegal mining.

Due to China's rapid economic development , the Asia-Pacific region is the largest regional consumer of rare earth materials . China rare earth consumption accounts for more than 60 % of the world , followed by North America and Europe.

The report also believes that the rare earth recycling is one of the most effective ways to reduce the amount of rare earth mining , the current recovery rate of less than 1% of the rare earth elements , there is a great future development opportunities and space.


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