Rare Earth Metals Outlook

In recent years, rare earth products has been in oversupply situation, and there even appeared the price war, which not only led to some product prices falling more than 40%, caused a great deal of pressure on profit margins for products, and forced many of the poor performed corporation into bankruptcy, even if most of the existing enterprises are operated under a very low profit.

According to the analysis of the business communications company in the United States, it seems that the situation reached its lowest point and there's an expectation of reversing this situation. Particularly with the growing of the demand of automobile, computer, consumer electronics products and mobile electronic devices, the application of rare earth, especially in the automobile exhaust catalysts, permanent magnets, and rechargeable batteries will continue to increase. In the next few years, the demand of Neodymium and cerium for permanent magnet and automobile exhaust catalytic converter  will increase in a larger rate. In addition, Ni-MH batteries, medical devices, sensors, dental and surgical lasers will also demand for more rare earth. Magnetic refrigeration will be commercialized and Erbium-doped optical fibers will enter a new round of demand.

Therefore, the U.S. commercial communications company predicted that the global demand for rare earth in the next few years will grow at the speed of  an annual 3.2 percent rate and reach about 90,000 to 100,000 tons. In that time, the world's rare earth output value will reach $ 2 billion.

              


Rare Earth Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email: sales@chinatungsten.com
Tungsten News & Tungsten Prices, 3G Version: http://3g.chinatungsten.com
Tungsten News & Tungsten Prices, WML Version: http://m.chinatungsten.com

• < Prev
• Next >