The Global Rare Earths Market to be Worth $18.3bn in 2012

Wednesday 18 July 2012, Amsterdam

This analysis indicates that the global rare earths market will reach a value of $18.3bn in 2012. However, the market value is expected to decline mainly due to plummeting rare earths prices. The prices of rare earths which unprecedentedly spiked in 2010 and 2011 due to the reduction in Chinese rare earths exports is expected to decline in the next few years, due to price adjustment, and the additional rare earths supply from the US, Australia and Canada.

The author of The Rare Earths Market 2012-2022 report commented that ‘currently there are more than 400 rare earths projects in various stages of development, however, only less than 30 projects will make it to the production stage over the period 2012-2022. The sooner the project will complete the better it will be for the survival of the company. It is highly likely that delays in the project development will make it difficult for the producer to enter into the market.”

Indeed, the demand for rare earths will increase despite a decline in the value of the rare earths market. The demand for rare earths is expected to increase by 2.7% on the year-on-year basis and will reach 135,000 tonnes in 2012.

The Rare Earths Market 2012-2022 report contains 304 tables, charts and graphs that add visual analysis in order to explain developing trends within the rare earths market. It provides forecasts for the period 2012-2022 in terms of value (US$) for the global rare earths market, as well as for 8 end-use sectors ( magnets, glass, polishing, metal alloys, catalysts, phosphors, ceramics, others). Price forecasts and analysis are provided for13 rare earths for the period 2012-2022. In addition, 12 leading national rare earths markets are forecasted by market value, consumption and production and analysed over the period 2012-2022. The report provides profiles of 16 leading companies operating within the market, and includes 5 interviews with principal rare earths companies, providing expert insight.

The Rare Earths Market 2012-2022 report will be of value to current and future potential investors into the rare earths industry, as well as companies and research centres who wish to broaden their knowledge of the rare earths market.