Market Research Analysis Rare Earth Metals Market Share, Distributor 2025

Rare Earth Metals Market Share, Distributor
Analysis and Development Trends 2025
“Metals such as Neodymium are widely used in the
manufacturing of permanent magnets. This is projected
to directly impact the demand for neodymium which is
one of the maximum consumed rare earth metal.
Additionally, the developing automobile industry is
anticipated to enhance the demand for magnets, in turn,
are projected to drive rare earth metals market demand.”
Rare earth metals are a set of seventeen elements that exhibit similar properties and belong to the actinide and
lanthanide series. The whole fifteen elements of the lanthanide series and yttrium and scandium together make up
these elements. Few common elements include Lanthanum, Praseodymium, Cerium, and Neodymium among others
and account for over 70.0% of global rare earth metal consumption. Rare earth metals has its applications in various
high technology products such as TVs, nuclear batteries, miniature, numerous medical devices, permanent magnets
and rechargeable batteries for hybrid cars and wind turbines, tablet computers, advanced military technology, laser
repeaters, and superconductors.
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Additionally, they are also used as catalysts in petroleum refining & automotive and as pigments in ceramics and glass.
Metals such as Neodymium are widely used in the manufacturing of permanent magnets. This is projected to directly
impact the demand for neodymium which is one of the maximum consumed rare earth metal. Additionally, the
developing automobile industry is anticipated to enhance the demand for magnets, in turn, are projected to drive rare