Rare Earth Metals Global Demand and Supply
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
Date posted: 2023/01/13
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Rare Earth Metals Global Demand and Supply
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