Rare earths are also known as technology metal, because without the use of
rare earths it would not be possible to make the latest digital technology
products. Although rare earths are used in small quantities, their role is
pivotal. Unlike other elements, the rare earths industry is dominated by
China, which accounted for 95.3% of the total global production. However, the
global market for rare earths is expected to be $18.3bn in 2012.
It is expected that the global rare earths market value will decline during
the forecast period due to falling prices of rare earths. The recent downward
spiral in the rare earths prices will continue during the forecast period.
Having said that, Visiongain understands that in case of any increase in the
Chinese rare earths' export quota or delays in production from the planned
rare earths projects, this will send the prices of rare earths upward, and so
the market value.
The report contains 304 tables, charts and graphs that add visual analysis in
order to explain developing trends within the rare earths market. Visiongain
provides forecasts for the period 2012-2022 in terms of value (US$) and
tonnages for the global rare earths market, as well as for eight end-use
sectors (catalysts, glass, polishing, metal alloys, magnets, phosphors,
ceramics, others) of the rare earths market. In addition, 12 leading national
markets are forecasted and analysed by Visiongain over the period 2012-2022.
The report also provides profiles of 16 leading companies in the rare earths
market, and includes five exclusive interviews with principal rare earths
companies, providing expert insight alongside Visiongain analysis.
Unique Selling Points
Comprehensive analysis of the prospects for the rare earths market from
2012-2022.
Analysis and forecasting informed by extensive expert consultation with
industry leaders.
You will be able to read full transcripts of interviews from five leading
companies involved within the aluminium market.
304 tables, charts and graphs that quantify, analyse and forecast the
changing dynamics of the rare earths market between 2012-2022.
Forecasts and analysis of the global rare earths market between 2012-2022.
Production forecasts for 18 rare earths projects between 2012-2022
Forecasts and analysis 13 rare earths prices for the period 2012-2022.
Comprehensive analysis of the world (ex-china) rare earths market from
2012-2022.
Comprehensive analysis of the Chinese rare earths market from 2012-2022.
Forecasts and analysis for eight rare earths end-use sectors from
2012-2022.
Forecasts and analysis for 12 leading national rare earths markets for the
period 2012-2022.
Analysis of the forces that influence and dynamics of the rare earths
market.
SWOT analysis that examine the rare earths market from 2012-2022.
Profiles of 16 leading companies operating within the rare earths market.
Historical data of production, consumption and prices.
Methodology
This report has been compiled by combining information obtained from a wide
and rich mixture of primary and secondary research sources, producing a broad
industry overview. The forecast data was produced by Visiongain's proprietary
quantitative model encompassing all major rare earths producer and consumer
countries. Visiongain sought opinions from leading figures in the rare earths
market to underpin the analysis of market drivers and restraints.
The study draws on a diverse range of official corporate and governmental
announcements, media reports, policy documents, industry statements and expert
opinion as a basis for discussing and predicting developments in the rare
earths market between 2012 and 2022.
Visiongain considers that this methodology results in an accurate, objective
mixture of analyses and forecasts.
Why you should buy The Rare Earths Market 2012-2022
You will receive a comprehensive analysis of the rare earths market from
2012-2022
The analysis and forecasting has been informed by extensive expert
consultation with industry leaders. The forecasts are also based on the
Visiongain proprietary quantitative model. Within the report, you will be able
to read full transcripts of interviews from five leading
companies/organisations involved within the rare earths market.
Lynas Corporation Limited
Arafura Resources Limited
Thinova Co. Ltd
The Chinese Society of Rare Earths - Natural Resources GP
You will find 304 tables, charts, and graphs that quantify, analyse and
forecast the rare earths market from 2012-2022.
You will receive forecasts and analysis of the global rare earths market
between 2012-2022.
You will receive forecasts and analysis of 12 leading national rare earths
markets , by value, production and consumption from 2012-2022
China
Japan
US
Russia
France
Germany
South Korea
Italy
Netherlands
Austria
India
Thailand
You will be presented with further detailed forecasts of the ten leading
elements and by eight end-use sectors for major national rare earths markets,
production and consumption for the period 2012-2022
China
Japan
US
You will also receive forecasts of 12 rare earths prices for the period
2012-2022.
Terbium
Europium
Yttrium
Dysprosium
Gadolinium
Lutetium
Holmium
Lanthanum
Cerium
Neodymium
Praseodymium
Samarium
You will find forecasts and analysis of eight end-use sectors over the
period 2012-2022 including details of the quantities of the leading 10 rare
earths expected in each of the following applications:
Catalysts
Glass
Polishing
Metal Alloys
Magnets
Phosphors
Ceramics - Others
You will receive a SWOT analysis that examines the rare earths market from
2012-2022
You will gain profiles of 16 leading companies operating within the rare
earths market
What is the structure of the report?
Chapter 1 is the executive summary
Chapter 2 of this report introduces the rare earths and discuses the common
properties of rare earth elements. It also provides detailed description,
application and basic characteristics of the REEs. It includes a brief
introduction about mineralogy, ore and processing of rare earths. The chapter
also includes a brief overview of end-use sectors, assumption and explanation
and list of HS codes.
Chapter 3 examines the global rare earths market by providing in depth
analysis and forecasts of the market. The chapter analyse and forecast the
market value, production and consumption of the rare earths market. It has
also a section on rare earths price forecasts, which present price forecasts
for the selected rare earths.
Chapter 4 provides an in-depth and detailed analysis of the rare earths market
by leading national markets. The chapter critically analyse the growing
national markets, evaluates the market's growth rates and provides national
market forecasts, along with the factors likely to contribute in market
variations.
Chapter 5 provides in depth analysis of the rare earths' end-use sectors
Chapter 6 discuses the price forecasts of major rare earths oxides.
Chapter 7 provides highlights of 18 Greenfield rare earths projects, which are
likely to start production during the forecast period. The chapter also
discusses the risks attached to the new projects.
Chapter 8 identifies and examines the key issues facing the global rare earths
industry. The chapter includes analysis of the main strengths and weaknesses
of the industry, together with the opportunities available and the key threats
faced by rare earths industry.
Chapter 9 includes full transcripts of exclusive Visiongain interviews with 5
key opinion-leaders in the global rare earths industry. Interviews include
updates and predictions on the market.
Chapter 10 identifies and discusses the leading players in the rare earths
industry.
Chapter 11 is a summary of the report, highlighting conclusions from
Visiongain's research and analyses
Chapter 12 is a glossary
Methodology
This report has been compiled by combining information obtained from a wide
and rich mixture of primary and secondary research sources, producing a broad
industry overview. The forecast data was produced by Visiongain's proprietary
quantitative model encompassing all major rare earths producer and consumer
countries. Visiongain sought opinions from leading figures in the rare earths
market to underpin the analysis of market drivers and restraints. The study
draws on a diverse range of official corporate and governmental announcements,
media reports, policy documents, industry statements and expert opinion as a
basis for discussing and predicting developments in the rare earths market
over the period 2012-2022.
Visiongain considers that this methodology results in an accurate, objective
mixture of analyses and forecasts.
Table of Contents
Table of Contents
1. Executive Summary
1.1 Trends in the Global Rare Earths Market
1.2 Major Drivers & Restraints in the Global Rare Earths Market 2012-2022
1.3 Benefits of This Report
1.4 Market Value and Prices of Rare Earths
1.5 Demand and Supply Situation in the Rare Earths Market
1.6 An Overview of the Rare Earths' End-Use Sectors
2. Introduction to the Rare Earths Market
2.1 What are the Rare Earth Elements?
2.2 Common Properties of the Rare Earths
2.3 Description, Application and Basic Characteristics of the Rare Earth
Elements
2.3.1 Europium
2.3.2 Gadolinium
2.3.3 Terbium
2.3.4 Dysprosium
2.3.5 Holmium
2.3.6 Erbium
2.3.7 Thulium
2.3.8 Ytterbium
2.3.9 Lutetium
2.3.10 Yttrium
2.3.11 Cerium
2.3.12 Lanthanum
2.3.13 Neodymium
2.3.14 Praseodymium
2.3.15 Promethium
2.3.16 Samarium
2.3.17 Scandium
2.4 Mineralogy, Ore and Processing
2.5 End-Use Sectors of Rare Earths
2.5.1 Catalysts
2.5.2 Ceramics
2.5.3 Glass
2.5.4 Magnets
2.5.5 Metal Alloys
2.5.6 Phosphors
2.5.7 Polishing
2.5.8 Others
2.6 Assumption and Explanation
2.7 HS Codes of Rare Earths
3. The Global Market Forecast of Rare Earths 2012-2022
3.1 Global Market Forecast of Rare Earths 2012-2022
3.2 Rare Earth Production and Consumption 2012-2022
4. Leading National Rare Earths Markets 2012-2022
4.1 Chinese Rare Earths Market 2012-2022
4.1.1 Chinese Rare Earths Market Forecast Summary
4.1.2 Chinese Rare Earths Market 2012-2022
4.1.3 Chinese Rare Earths Supply and Demand 2012-2022
4.1.4 Chinese Rare Earths Future Strategy
4.1.5 Chinese Rare Earths Trade and Export Quota
4.2 Japanese Rare Earths Market 2012-2022
4.3 The US Rare Earths Market 2012-2022
4.4 Russian Rare Earths Market 2012-2022
4.5 French Rare Earths Market 2012-2022
4.6 German Rare Earths Market 2012-2022
4.7 South Korean Rare Earths Market 2012-2022
4.8 Italian Rare Earths Market 2012-2022
4.9 Netherland Rare Earths Market 2012-2022
4.10 Austrian Rare Earths Market 2012-2022
4.11 Indian Rare Earths Market 2012-2022
4.12 Thailand Rare Earths Market 2012-2022
5. Rare Earths End Use Market Analysis 2012-2022
5.1 Magnets
5.2 Phosphors
5.3 Catalyst
5.4 Metal Alloys
5.5 Polishing
5.6 Glass
5.7 Ceramics
5.8 Others
6. Price Forecast of Rare Earths 2012-2022
6.1 Assumptions for the Rare Earths Price Forecasts
6.2 Price Forecasts of Selected Rare Earths
7. Highlights of Selected Rare Earths Projects 2012-2022
7.1 Risks for the New Rare Earths Projects
7.1.1 Market Performance
7.1.2 Price Changes
7.1.3 Development and Processing
7.1.4 Project Funding
7.1.5 Regulation
7.1.6 Resource Super Profit Taxes
7.1.7 Supply Response
7.1.8 Foreign Exchange Risk
7.2 Analysis of Rear Earth Elements by Selected Projects
7.2.1 Mountain Pass Project
7.2.2 Bear Lodge Project
7.2.3 Bokan Mountain Project
7.2.4 Dong Pao Project
7.2.5 Mount Weld Project
7.2.6 Nolans Bore Project
7.2.7 Dubbo Project
7.2.8 Brown Range Project
7.2.9 Stromberg Project
7.2.10 Kutessay II Project
7.2.11 Thor Lake Project
7.2.12 Hoidas Lake Project
7.2.13 Strange Lake Project
7.2.14 Kipawa Project
7.2.15 Steenkampskraal Project
7.2.16 Zandkopsdrift Project
7.2.17 Kvanefjeld Project
7.2.18 Norra Karr Project
8. SWOT Analysis of the Rare Earths Market 2012-2022
8.1 Strengths
8.1.1 Usage in High-Tech Products
8.1.2 Emerging Countries will Drive the Growth
8.1.3 Inelastic Demand in Most End-Use Sectors
8.1.4 Contribution to the Environment
8.1.5 Unique Dynamics in Some End-Use Sectors
8.1.6 Essential Role in the Defence Industry
8.2 Weaknesses
8.2.1 Dependence on China
8.2.2 High Cost of Production
8.2.3 Low REEs Prices
8.2.4 Recycling to Some Extent is Uneconomical
8.2.5 HREEs are Scarce
8.2.6 Small Market Compare to Other Metals
8.2.7 Lack of Interest from Big Miners
8.2.8 Environmental Issues
8.3 Opportunities
8.3.1 Additional Supply
8.3.2 High Demand in the Long Run
8.3.3 Recycling- An opportunity
8.3.4 Essential Part in the Clean Energy Products
8.3.5 High Prices will Encourage New investment
8.3.6 New Supply will Create More Demand
8.3.7 Chinese Intuitive for Consolidation
8.4 Threats
8.4.1 Changes in the Chinese Export Quota
8.4.2 R&D might Reduce the Usage of Rare Earth Elements
8.4.3 High Prices Might Reduce the Usage
8.4.4 Competition from Substitutes
9. Expert Opinion
9.1 MR. Nicholas Curtis, the Executive Chairman of Lynas Corporation
Limited
9.1.1 The Future Demand and Supply Situation in the Rare Earth Metal
Market
9.1.2 The Major Drivers and Restrainers in the Rare Earth Metal Market
9.1.3 The Question of Balance Between Heavy Rare Earth Elements and
Light Rare Earth Elements
9.1.4 The Leading End-Use Sector in the Rare Earths Market in the Next
10 Years
9.1.5 The Price Dynamics in the Rare Earth Metal Market
9.1.6 Increased Investment and Spending in the Rare Earth Metal Market
9.1.7 Growth Rates in the Consumption of Rare Earth Metal in the Next
Ten Years
9.2 Mr. Chris Tonkin, CEO of Arafura Resources Limited
9.2.1 Addition Production Capacity will be Required to Fulfil the
Growing Demand for Rare Earths
9.2.2 Some Rare Earths' End-Use Sectors will Face Supply Constraints in
the Next Ten Years
9.2.3 Some End-Use Sectors will be Growing with a 10% of CAGR per Annum
During the Next Decade
9.2.4 A Number of Initiatives can be Taken to Reduce the Reliance on the
Chinese Supply of REE in the Next Ten Years
9.2.5 Some Rare Earths Prices will Remain High Due to Strong Demand and
Limited Supply in the Next Ten Years
9.2.6 The Future of Commercial-Ready Rare Earths-Free Vehicles
9.2.7 Challenges and Opportunities for Arafura Resources Ltd in the Next
Ten Years
9.3 Randy Callihan, Vice President of Technology at Thinova Co. Ltd.
9.3.1 Developments in Magnetic Circuit Design and Material Design and
its Impact on the Rare Earths Consumption
9.3.2 Substantial Changes in Using the Rare Earth Metal in Magnets Over
the Period of Next Ten Years
9.3.3 Major End-Use Sectors for Magnets and Growth Potential in the Next
Ten Years
9.3.4 The Future of Magnets Recycling
9.3.5 Rare Earths Prices and the Magnet's Cost Structure
9.3.6 The Future of Magnet Industry and Stability in the Rare Earths
Prices
9.4 Dr. Zhanheng Chen, Director, Academic Department at the Chinese
Society of Rare Earths (CSRE)
9.4.1 Demand and Supply Situation of Rare Earths in the Next Ten Years,
and the Role of China
9.4.2 The Major End Sectors of the Rare Earth Metal in the Next Ten Years
9.4.3 The Growth Rate in the Rare Earths Demand in the Next Ten Years
9.4.4 Initiatives to Reduce Reliance on the Chinese Rare Earths
9.4.5 The Future of Rare Earths Prices
9.4.6 The Future of Rare Earths Substitutes Products
9.4.7 Changes in the Chinese Rare Earths' Export Quota
9.4.8 The impact of Chinese Exports on ROW Rare Earths Industry
9.5 Vasili Nicoletopoulos, Owner of 'Natural Resources GP
9.5.1 Additional Capacity from China and Rest of the World
9.5.2 Leading End-Use Sectors for Rare Earths in the Next 10 Years
9.5.3 Growth in the Rare Earth Market Demand in the Next Ten Years
9.5.4 The Impact of Plummeting Prices on the Rare Earth Supply
9.5.5 Factors Influencing the Rare Earths Prices in the Next Ten Years
9.5.6 The Role of Reducing the Usage of Rare Earths
Table 7.1 List of 25 Rare Earths Projects Expected to Come online During
2012-2022: Location, Company Name, Projects Name, Capacity, Expected Time
Line, and Stage of Development
Table 7.2 Mountain Pass Project: Production Forecast by Leading 15
Elements 2012-2022 (tonnes)
Table 7.3 Bear Lodge Project: Production Forecast by Leading 15 Elements
2012-2022 (tonnes)
Table 7.4 Bokan Mountain Project: Production Forecast by Leading 15
Elements 2012-2022 (tonnes)
Table 7.5 Dong Pao Project: Production Forecast by Leading 15 Elements
2012-2022 (tonnes)
Table 7.6 Mount Weld Project: Production Forecast by Leading 15 Elements
2012-2022 (tonnes)
Table 7.7 Nolans Bore Project: Production Forecast by Leading 15 Elements
2012-2022 (tonnes)
Table 7.8 Dubbo Project: Production Forecast by Leading 15 Elements
2012-2022 (tonnes)
Table 7.9 Brown Range Project: Production Forecast by Leading 15 Elements
2012-2022 (tonnes)
Table 7.10 Stromberg Project: Production Forecast by Leading 15 Elements
2012-2022 (tonnes)
Table 7.11 Kutessay II Project: Production Forecast by Leading 15 Elements
2012-2022 (tonnes)
Table 7.12 Thor Lake Project: Production Forecast by Leading 15 Elements
2012-2022 (tonnes)
Table 7.13 Hoidas Lake Project: Production Forecast by Leading 15 Elements
2012-2022 (tonnes)
Table 7.14 Strange Lake Project: Production Forecast by Leading 15
Elements 2012-2022 (tonnes)
Table 7.15 Kipawa Project: Production Forecast by Leading 15 Elements
2012-2022 (tonnes)
Table 7.16 Steenkamsraal Project: Production Forecast by Leading 15
Elements 2012-2022 (tonnes)
Table 7.17 Zandkopsdrift Project: Production Forecast by Leading 15
Elements 2012-2022 (tonnes)
Table 7.18 Kvanefjeld Project: Production Forecast by Leading 15 Elements
2012-2022 (tonnes)
Table 7.19 Norra Karr Project: Production Forecast by Leading 15 Elements
2012-2022 (tonnes)
Table 8.1 SWOT Analysis of the Rare Earths Market 2012-2017
Table 10.1 Top 10 Chinese Rare Earths Producers by 2010 Production (tonnes)
Table 11.1 Average Prices of Leading 12 Rare Earths, 2012-2022, 2012-2017,
2017-2022 ($/kg, CAGR %)
Table 11.2 Leading 15 Rare Earth Elements Production Forecast 2011- 2022
(tonnes)
Table 11.3 Rare Earths Over-Supply Risk matrix: High (H), Low (L) and
Medium (M) 2011-2022
Table 11.4 Global Rare Earths Market Forecast by Eight End-Use Sector
2011-2022 ($million, AGR %)
