The 15th edition of Roskill's rare earths report, “Rare Earths: Market Outlook to 2020” draws on more than 40 years of independent research into these metals from the world's experts in metals and minerals markets.
The global industry is expected to undergo significant changes before the Chinese New Year in February 2015, as new sources of supply are scheduled to be commissioned and supply in China consolidates under a limited number of state-owned enterprises.
Measures taken to control production in China have become more effective, resulting in a decline in both official production and unofficial production in the years to 2013. In 2014, China still accounts for >80% of world production and this is expected to fall to just over 70% by 2018. An increasing proportion of Chinese supply is now required for its domestic industries which account for >70% of total demand for rare earths. New projects in the rest of the world are forecast to contribute an additional 45,000t REO to supply by 2018.
Market growth is expected to average 6.1%py overall between 2014 and 2020 but this headline figure masks different growth rates in each end-use and for the 17 individual rare earths, all of which have their own unique applicationsThe highest growth rates for magnets, catalysts and ceramics with average annual growth rates of >6% over the period.
The rare earths value chain is complex, with multiple players, business drivers, supply models and geopolitical considerations at various stages of production. Executives in the industry need an experienced overview of the end-to-end value chain that provides insight into both potential opportunities and avoidable disruptions.
Browse more Rare Metal Market Research Reports