Today: October 10, 2015, 4:32 pm

Global rare earth metals market: 13% CAGR forecast between 2012-16
Global Rare Earth Metals Market 2012-2016 - a new market research report on 2014-04-04 14:49:01
The Global Rare Earth Metals market is to grow at a CAGR of 13.06 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increasing demand from the Wind Energy sector. The Global Rare Earth Metals market has also been witnessing an increase in the production capacities of the major manufacturers in the market. However, the gap in the demand and supply of rare earth metals could pose a challenge to the growth of this market.
The increase in production capacities is a major trend witnessed in the Global Rare Earth Metals market. As a result of the growing demand for rare earth metals in applications such as manufacturing catalytic converters, magnets for wind energy generators, compact fluorescent lamps, and flat panel displays, large producers of rare earth metals are investing heavily in new production facilities to tap the surge in demand. Moreover, many vendors are increasingly adopting new mining, extraction, and refining technologies which can help them to improve their production capabilities and manufacture products for new emerging applications.
One of the major drivers in this market is the increasing use of rare earth metals in the Wind Energy sector. Magnets made of rare earth metals find their usage in large quantities in wind turbine generators. Further, the increase in the demand for electric vehicles is increasing the demand for NiMH batteries. The materials used in these batteries are made of rare earth metals. Thus, the increase in the demand for electric vehicles is contributing to the growing demand for rare earth metals during the forecast period.
One of the major challenges in this market is the demand and supply gap. As rare earth metals are used in a large number of applications, the demand for them is high. However, as they are obtained through natural resources, their supply is limited. In 2012, the demand for rare earth metals was 145 thousand metric tons and the supply was only 113 thousand metric tons. This deficit will affect the revenues of the Global Rare Earth Metals market.
The key vendors dominating this space include China Rare Earth Holdings Ltd., Inner Mongolia Baotou Steel Rare-Earth Group Hi-Tech Co. Ltd., Lynas Corp. Ltd., and Molycorp Inc.
The other vendors mentioned are Alkane Resources Ltd., Arafura Resources Ltd., Avalon Rare Metals Inc., Great Western Minerals Group, Indian Rare Earths Ltd., Jiangxi Copper Co. Ltd., Neo Material Technologies Inc., Rare Element Resources Ltd., Showa Denko K.K., and VMS Ventures Inc.
Click for report details: ..
Browse all Industrial Market Research Reports ..
Browse all Industrial Company Profile Reports ..
Browse all Latest Market Research Reports ..
About Us is a leading online business information aggregator with over 300,000 market reports and company profiles available to our clients. Our extensive range of reports are sourced from the leading publishers of business information and provide clients with the widest range of information available. In terms of company profiles,’s online database allows clients access to market and corporate information to over 100,000 different companies. We provide clients with a fully indexed database of information where clients can find specific market reports on their niche industry sectors of interest.

Press Information

Published by
Mike King
London: +44 (0) 203 086 8600

# 613 Words
Related Articles
More From Finance
Credit-Yogi Recommends Reputable Debt Solution Companies To [..]
Many people who have poor credit don’t know what to do about it. They realize that their bad credit prevents [..]
Credit-Yogi Reveals Special Considerations for Military Members [..]
No one wants to have their vehicle taken back by their banks. It’s a source of stress for the individual [..]
Credit-Yogi Teaches Consumers How To Use HAMP [..]
Be Prepared to Utilize HAMP Lenders do not like to help borrowers prevent foreclosure by accessing the Obama loan modification [..]
Credit-Yogi Informs Military Members Facing Auto Repossession [..]
No one wants to have their vehicle taken back by their banks. It’s a source of stress for the individual [..]
Credit-Yogi .com Teaches Consumers How To Prevent [..]
Want to Halt Vehicle Repossession? Here’s How Sometimes things happen that end up leaving one in a financially strapped position. [..]

Disclaimer: If you have any questions regarding information in this press release please contact the company added in the press release. Please do not contact pr-inside. We will not be able to assist you. PR-inside disclaims the content included in this release.