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Rare Earth Metals Market Share
- Report ID: GMI2303
- Published Date: Jun 2020
- Report Format: PDF
Rare Earth Metals Market Share
Forward integration is one commonly witnessed in the RE metal ecosystem. Companies are involved in RE metal processing as well as in captive consumption in end-products. Some of the prominent mining companies include in the rare earth metals industry are
- Ucore Rare Metals Inc.
- Arafura Resources Limited
- Iluka Resources Limited
- Lynas Corporation
- Baotou Jinmeng Rare Earth Co
- Northern Minerals Limited
Frequently Asked Questions (FAQ) :
Rare earth metals market is slated to surpass USD 19.8 billion by 2026 and will exhibit a CAGR of over 10.7% during the forecast period.
Asia Pacific led by China had captured more than 55% share in 2019 owing to the presence of largest, rare earth reserve and major RE metal processors and consumer in the region.
The market revenue from magnets application could surpass USD 4.4 billion by 2026 with increasing product demand in electric motors, turbine generators, electric vehicles, and other automobiles.
Alloy segment will capture a market share of 21% through 2026 due to increasing demand in alloying process to attain desirable corrosion resistance and improve mechanical characteristics.
Rare Earth Metals Market Scope
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