Rare-Earth Metals Renewable Energy Analysis

Rare Earth Metals Global Demand and Supply

Date posted: 2023/01/13

Rare Earth Supply

World's has Rare earth element, or REE,reserves of 120-million-tonnes Rare earths are relatively abundant in the Earths crust, but minable concentrations are less
common than for most other mineral commodities.
Substitutes are available for many applications but generally are less effective.

Country	Deposits in tonnnes	2021 Supply
China	44M	168,000
Vietnam	22M	400
Russia	21M	2,700
Brazil	21M	500
India	6.9M	2,900
Australia	4M	22,000
USA	1.8M	43,000
Sweden	1M	0
Tanzanian	0.9M	0
South Africa	0.8M	0

Recycling: Limited quantities of rare earths are recovered from batteries, permanent magnets, and fluorescent lamps

Rare Earth Elements Demand

The REE market was around $10 billion-$15 billion/year globally or 280,000tonnes in 2021 Growing at 8% per year. Demand for them is expected to increase fivefold by 2030.



Sources - usgs.gov
URL - Rare Earth Metals Global Demand and Supply

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