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(MoneyNewsWire.Net, April 30, 2016 )
About rare earth metals
Rare earth metals have unique physical and chemical properties, which make them suitable to alloy with other metals for use in applications that require enhanced magnetic strength, high temperature resistance, and other properties. They are widely used in the manufacture of magnets for wind turbine generators and for the electrodes in metal hydride batteries. These metals are also used in various applications pertaining to catalytic converters, fluorescent lighting, and memory storage. Increased demand for high performance materials from automotive and renewable energy applications coupled with an expanding supplier base is driving the growth of this market.
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Technavio's analysts forecast the global rare earth metals market to grow at a CAGR of 10.19% by demand volume over the period 2014-2019.
Covered in this report
Technavios report, Global Rare Earth Metals Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from various industry experts. The report includes a comprehensive discussion of the market, an extensive coverage on different types of application segments, elements, and demand-supply dynamics in various geographies. The report provides comments on both the existing market landscape and its growth prospects over the forecast period. The report further includes a discussion of the key vendors operating in this market.
The report presents data on the following segments of the market:
Applications: permanent magnets, battery alloys, catalysts, polishing powder, phosphors, glass additives, ceramics, and others
Elements: Light rare earth metals and heavy rare earth metals
Geography: China, Rest of Asia, US, and others
Key vendors
Alkane
Arafura
Avalon
Canada Rare Earth
Molycorp
Other prominent vendors
China Rare Earth Holdings
Frontier Rare Earths
Greenland Minerals and Energy
Indian Rare Earths
Jiangxi Copper
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Lynas
Montero Mining and Exploration
Namibia Rare Earths
Quest Rare Minerals
Rare Element Resources
Showa Denko
Ucore Rare Metals
Market drivers
Exorbitant deposits of rare earth oxides
For a full, detailed list, view our report
Market challenges
Unavailability of skilled professionals in the mining sector
For a full, detailed list, view our report
Market trends
Increasing number of rare earth metal exploration projects
For a full, detailed list, view our report
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Key questions answered in this report
What will the market size be in 2019 and what will the growth rate be?
What are the various end-uses and potential applications for the product?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space and what is the nature of competition between them?
What are the market opportunities and threats faced by the key vendors?
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