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Global demand for rare earth elements (REE) in 2024, by use case (in kilotons)

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Source

Release date

June 2025

Region

Worldwide

Survey time period

2024

Supplementary notes

Rare earth elements (REE) consists exclusively of magnet rare earths - neodymium, praseodymium, dysprosium and terbium.

Figures may not add up due to rounding.

Citation formats

Rare earth elements demand worldwide 2024, by use case

Published by ÌÇÐÄÆƽâ°æ Research Department, Aug 5, 2025

In 2024, the clean energy industry had the highest demand for rare earth elements (REE) at ***kilotons, of which electric vehicles and wind energy were the primary industries requiring rare earth elements. That year, demand for REE in electric vehicle production reached nearly *kilotons, while the wind energy industry demanded around *** kilotons.

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