Rare Earth Demand Outlook

Rare Earth Demand Outlook. Rare earth supply in the united states is fully dependent on imports, primarily from china. Rare earth elements (rees) are becoming increasingly integrated in new technologies, especially within the clean energy, military, and consumer electronics sectors.

Rare earths consumption share globally by element 2018 ...
Rare earths consumption share globally by element 2018 ... from cdn.statcdn.com
We interviewed vice president yutaka kawasaki of samwood co. (uchikanda, tokyo), a trading company specializing in rare earths and minor metals, about the outlook for the rare earth market. Data on rare earth (including yttrium) mines, deposits, and occurrences were compiled as part of an effort by the usgs and the university of arizona center for mineral resources to summarize current knowledge on the supply and demand outlook and related topics for this group of elements.

The supply and demand picture:

These are the minerals, often dug out of mines in africa, that china controls. Global demand for rare earths is forecast to increase 3.5 percent per year to 149,500 metric tons in 2019, valued at $4.5 billion. Rare earth supply in the united states is fully dependent on imports, primarily from china. Rare earth elements (ree) are widely used in high technologies, medical devices, and military defense systems, and are especially indispensable in emerging clean energy.


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