Rare earth metals are seventeen chemical elements that occur together in the periodic table. The group consists of yttrium and the 15 lanthanide elements (lanthanum, cerium, gadolinium, terbium, praseodymium, neodymium, europium, erbium, thulium, promethium, samarium, dysprosium, holmium, ytterbium, and lutetium).

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Rare Earth Metals Market-
-Global Industry Insights, Trends, Outlook, and Opportunity
Analysis, 2016–2024

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REPORT DESCRIPTION
• Rare earth metals are seventeen chemical elements that occur together in the periodic table. The
group consists of yttrium and the 15 lanthanide elements (lanthanum, cerium, gadolinium, terbium,
praseodymium, neodymium, europium, erbium, thulium, promethium, samarium, dysprosium,
holmium, ytterbium, and lutetium). Cerium is a silvery-white metal is the most abundant of the rare
earth elements and has numerous applications. Cerium oxide is used as a catalyst in catalytic
converters which are used to reduce emissions in automotive exhaust systems. Cerium is also used in
magnesium, iron and aluminum alloys.
• Owing to unique luminescent, magnetic and electrochemical properties, the rare earth metals
elements have contributed in the creation of many technologies in performing with reduced
emissions, reduced weight, and energy consumption. It is also characterized by enhanced efficiency,
speed, durability, performance, miniaturization and thermal stability. Military uses of these metals
include precision-guided weapons, night-vision goggles, GPS equipment, communications equipment,
batteries, and other defense electronics. Rare earth metals are also used in magnetic resonance
imagery (MRI) contrast agents, x-ray tubes, nuclear medicine imaging, portable x-ray machines, for
genetic screening tests, medical cancer treatment applications and dental lasers.

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POLYVINYLIDENE FLUORIDE (PVDF) Market Taxonomy
• Rare Earth Metals Market Taxonomy
• On the basis of product type, the global market is classified into:
• Cerium,
• Neodymium
• Lanthanum
• Praseodymium
• Yttrium
• Europium
• Samarium

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Market Segmentation
• Asia Pacific is expected to be the most potential market for Rare Earth Metals
companies. Asia Pacific is projected to witness relatively high growth in terms of
value over the forecast period. This is mainly attributed to the major rare earth
metal resources found in countries such as China and India. According to The
Wall Street Journal China produces around 90% share of the total rare earth
metals globally. This has attracted many industries depending on the rare earth
metals. According to Scientific American, India is authorizing a plant which will
produce up to 5,000 tons of rare earth metals in a year. This would help India to
contribute around 5 percent to the global supply of the rare earth metals used
in cars, cameras, iPhones and wind turbines. This trend is expected to be
followed over the forecast period.

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Key Strategies
Rising demand of cleaner energy sources and increasing applications are some
major factors boosting the growth of rare earth metals market. Fluctuating
prices is one of the growth restrainers in the rare earth metals industry globally.
Renewable energy applications of rare earth metals include hybrid automobiles,
next generation rechargeable batteries, wind turbines and biofuel catalysts.
Some of the major companies operating in the global rare earth metals market
include Lynas Corporation, Avalon Rare Metals Inc, Greenland Minerals and
Energy, Iluka Resources Ltd., Alkane Resources Limited, Rock Tech Lithium Inc.,
Artemis Resources Limited and Great Western Minerals Group.
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