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Forecasted production growth of rare earth elements worldwide from 2019 to 2030

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Release date

April 2026

Region

Worldwide

Survey time period

2019 to 2030

Supplementary notes

Data provided by ÌÇÐÄÆÆ½â°æ Market ÌÇÐÄÆÆ½â°æ are estimates.

Definition:

Rare earth elements, also referred to as rare earth metals, are categorized as non-ferrous industrial metals.

The market covers the production of 17 elements which are: cerium (Ce), dysprosium (Dy), erbium (Er), europium (Eu), gadolinium (Gd), holmium (Ho), lanthanum (La), lutetium (Lu), neodymium (Nd), praseodymium (Pr), promethium (Pm), samarium (Sm), scandium (Sc), terbium (Tb), thulium (Tm), ytterbium (Yb), and yttrium (Y). Out of these 17, the most produced rare earth metals are the lanthanides cerium, lanthanum, and neodymium.

These elements are extracted from underground mines, open-pit mines, and in-site leaching processes. These metals are used in various industries, including renewable energy technology, EVs, military systems, medical devices, industrial, and consumer technology.

Additional information:

The market comprises productions and production growth rates. Data is only provided for the countries that are active in the above-mentioned markets. The markets only display B2B production.

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Production growth of rare earth elements worldwide, 2019-2030

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