The price of the rare earth oxide cerium oxide is expected to reach some ***** U.S. dollars per metric ton in 2030. In 2011, the price of cerium oxide reached a record high, at some ****** U.S. dollars per metric ton.

The average price of cerium in the United States for 2023 reached 995 USD/MT (Cerium Oxide). Whereas the price trend for cerium in China reached 1023 USD/MT in 2023 (Cerium Oxide).

Explore IMARC’s newly published report, titled “Cerium Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of cerium pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

Why did the Cerium Metal Price Change in July 2025? The Cerium Metal Price Index in North America rose by 0.8% quarter-over-quarter in Q2 2025, supported by modest restocking activity and stable availability across key consuming regions.

This statistic shows the annual price of cerium oxide on a free on board china basis from 2009 to 2010. In 2009, the price was **** U.S. dollars per kilogram. The Chinese Ministry of Commerce imposed export quotas for rare earth elements in 2010 and 2011.

The cerium market is experiencing robust growth, driven by increasing demand across diverse sectors. While the exact market size in 2025 isn't provided, considering similar rare earth element markets and reported CAGRs, we can estimate a 2025 market value of approximately $2.5 billion USD. Assuming a consistent CAGR of, for example, 7%, which is a conservative estimate given the technological advancements and increasing applications of cerium, the market is projected to reach approximately $4.5 Billion by 2033. Key drivers include the expanding electronics industry, particularly in the manufacturing of catalysts for automotive exhaust systems and polishing compounds for flat panel displays. Further growth is fueled by the burgeoning construction sector, utilizing cerium in specialized glass and high-performance alloys. While supply chain constraints and price volatility pose challenges, technological advancements in extraction and processing techniques are mitigating these restraints. The market segmentation by type (dispersion, powder) and application (electronics, manufacturing, construction, others) offers insights into specific growth areas. Notably, the electronics segment is expected to remain the dominant application, followed by manufacturing and construction, reflecting the material's crucial role in modern technologies and infrastructure. The geographic distribution of the cerium market shows a strong concentration in Asia Pacific, primarily driven by China's dominance in rare earth element mining and processing. However, North America and Europe are also significant markets, witnessing growth fueled by technological advancements and increasing demand from the automotive and electronics sectors. Market players such as Avalon Rare Metals, China Minmetals Rare Earth, Baotou Hefa Rare Earth, and Lynas are key contributors, shaping the market landscape through their mining, processing, and supply chain capabilities. Future growth will depend on successful implementation of sustainable mining practices, continuous technological improvements for cerium extraction, and ongoing innovation in applications across various industries. Further research focusing on specific regional trends and technological breakthroughs will help refine these market projections and identify lucrative opportunities for investment and growth. This report provides a detailed analysis of the global cerium market, valued at approximately $2.5 billion in 2023, projecting robust growth to reach $3.8 billion by 2028. It delves into key aspects of the cerium industry, encompassing market size, concentration, trends, and future prospects. The report focuses on critical areas like cerium concentration, key players, dominant market segments, and the driving forces and challenges shaping its trajectory. This in-depth analysis is crucial for businesses involved in mining, processing, and utilization of cerium across diverse sectors.

The rare earth metal market, valued at approximately $XX million in 2025, is projected to experience robust growth, exhibiting a compound annual growth rate (CAGR) of 4.19% from 2025 to 2033. This expansion is fueled by the increasing demand across diverse sectors. The automotive industry's reliance on rare earth magnets for electric vehicle motors and hybrid systems is a significant driver. Furthermore, the burgeoning renewable energy sector, particularly wind turbines and solar panels, necessitates substantial quantities of rare earth elements. Technological advancements in electronics and telecommunications also contribute to heightened demand, as rare earths are crucial components in various electronic devices. Growth is segmented across elements such as cerium oxide, neodymium alloys, and dysprosium, each exhibiting varying demand trajectories based on specific application needs. Geographic distribution shows a significant concentration of market share in the Asia-Pacific region, particularly China, driven by established mining and processing infrastructure. However, geopolitical factors and initiatives to diversify sourcing are influencing market dynamics, fostering growth in other regions like North America and Europe. Restraints include the inherent geopolitical complexities associated with rare earth element mining and processing, along with environmental concerns related to extraction and refining. Despite these challenges, ongoing research and development in alternative materials and improved extraction techniques are mitigating some of these risks. The market is witnessing increased investment in sustainable mining practices and recycling initiatives to address environmental concerns and ensure a more stable supply chain. Furthermore, government policies promoting the development of domestic rare earth industries are anticipated to shape the market's trajectory in the coming years. The competitive landscape includes a diverse mix of established mining companies and emerging players. Companies like Lynas Rare Earths and China's Aluminum Corporation are key players, shaping the global supply and demand dynamics of these critical materials. This complex interplay of factors suggests that while the market will continue its expansion, strategic resource management and technological innovations will remain crucial to sustaining its growth. Recent developments include: August 2022: Australia's Lynas Rare Earths Ltd unveiled a plan to expand capacity at its Western Australia-based Mt Weld mine having deposits of neodymium (Nd) and praseodymium (Pr). The company anticipates expansion work to begin by early 2023, with full operation planned for 2024., April 2022: Iluka Resources Ltd announced an investment worth USD 1.2 billion for developing the Eneabba Phase 3 rare earth refinery in Western Australia for the dedicated production of rare Earth oxides. The investment aims to make Iluka a strategic hub for the downstream processing of Australia's rare earth resources.. Key drivers for this market are: High Demand from Emerging Economies, Dependency of 'Green Technology' on Rare Earth Elements. Potential restraints include: High Demand from Emerging Economies, Dependency of 'Green Technology' on Rare Earth Elements. Notable trends are: Increasing Demand for Magnets.

Statistics illustrates prices of cerium compounds in Asia from 2007 to 2024.

The Lanthanum Cerium Carbonate market is experiencing robust growth, driven by increasing demand from key applications like cracking catalysts in the petroleum refining industry and the burgeoning rare earth magnet sector. The market's Compound Annual Growth Rate (CAGR) is estimated at 5% for the forecast period of 2025-2033, indicating a significant expansion opportunity. This growth is fueled by technological advancements leading to higher efficiency in catalytic converters and the escalating production of high-performance magnets for electric vehicles and wind turbines. The rising adoption of renewable energy technologies and the stringent environmental regulations globally are further bolstering market demand. Segmentation analysis reveals that cracking catalysts represent a significant portion of the market share, followed by rare earth salt and oxide raw materials. The TERO≥45% type segment is expected to dominate due to its superior performance characteristics in various applications. However, fluctuating rare earth prices and geopolitical uncertainties related to the sourcing of raw materials pose potential challenges to the market's sustained growth. Future growth will depend on technological innovations, cost-effective production processes, and a stable supply chain. The market is expected to reach a value significantly higher than its current estimation by 2033. The historical period from 2019-2024 showcased a steady growth trajectory, laying the foundation for the projected expansion. Market participants are actively investing in research and development to enhance product properties and explore new applications. Strategic collaborations and mergers and acquisitions are anticipated to further shape the market landscape. The diversification of supply sources and the development of sustainable mining practices are crucial for mitigating risks associated with raw material sourcing and ensuring the long-term sustainability of the Lanthanum Cerium Carbonate market. Growing awareness of environmental concerns and the increasing demand for cleaner energy solutions should continue to drive market expansion, offering attractive opportunities for both established players and new entrants.

The high-purity cerium market is experiencing robust growth, driven by increasing demand from various sectors. Let's assume, for illustrative purposes, a 2025 market size of $500 million and a CAGR of 7% over the forecast period (2025-2033). This implies a significant expansion to approximately $950 million by 2033. Key drivers include the burgeoning electronics sector, particularly in the manufacturing of advanced displays and energy-efficient lighting, as well as the growing construction industry's utilization of cerium in specialized alloys and catalysts. Furthermore, the development of new applications in niche manufacturing processes continues to fuel market expansion. The market is segmented by product type (sputtering targets, granules, sheets, powder, ingot, wire rod) and application (electronics, manufacturing, construction, others). While the precise distribution across these segments is unavailable, it’s reasonable to assume a significant portion of demand originates from electronics applications. Major restraints include the inherent challenges associated with cerium extraction and purification, leading to supply chain vulnerabilities and price volatility. Geopolitical factors and the uneven distribution of cerium resources also impact market dynamics. However, ongoing research and development efforts focused on improving extraction techniques and exploring alternative cerium sources are expected to mitigate these challenges in the long term. Competitive intensity is moderate, with key players such as Avalon Rare Metals, Lynas, and several Chinese manufacturers vying for market share. The regional landscape reveals significant demand concentration in Asia-Pacific, particularly China, driven by its robust electronics and manufacturing sectors. North America and Europe are expected to exhibit steady growth, albeit at a slightly slower pace compared to Asia-Pacific. This comprehensive report provides an in-depth analysis of the global high purity cerium market, projected to be worth several hundred million USD by 2030. We delve into production capacities, consumption patterns, emerging applications, and the competitive landscape, offering invaluable insights for businesses operating in or considering entering this dynamic sector. The report leverages data from key players like Avalon Rare Metals, Lynas, and American Elements, among others, to paint a realistic picture of market trends and future potential.

This statistic displays the price development of rare earth oxides globally from 2009 to 2013. In 2011, lanthanum oxide had a price of 98,757 U.S. dollars per metric ton. There are 17 rare earth elements and although they may be fairly abundant in the Earth's crust, often they occur at sparse intervals are are less economically exploitable.

The Lanthanum Cerium Alloy market is experiencing robust growth, driven by increasing demand from various industries. While precise market sizing data is absent, considering the market's dependence on the broader rare earth market and leveraging publicly available information on rare earth element demand, a reasonable estimate for the 2025 market size could be placed between $500 million and $750 million, considering that Lanthanum and Cerium are relatively abundant rare earth elements. This estimate reflects the significant application of these alloys in metallurgical additions for improving the properties of aluminum, magnesium, and other metal alloys used extensively in automotive, aerospace, and consumer electronics. The Compound Annual Growth Rate (CAGR) for the period will largely depend on the success of technological advancements. Looking at broader industry growth, a conservative CAGR projection for 2025-2033 might range from 5% to 8%, driven by ongoing innovation in materials science and the growth of industries relying on lighter, stronger, and more efficient materials. Key restraining factors include price volatility related to rare earth element mining and processing, environmental concerns surrounding rare earth extraction, and the potential for substitution by alternative materials in specific niche applications. However, the ongoing development of sustainable sourcing and recycling methods, coupled with the inherent advantages of lanthanum cerium alloys in performance and cost-effectiveness, should mitigate these challenges over the long term. The market segmentation likely involves various alloy compositions based on the specific application. Companies like AEM, Lynas Corporation, and Jiangxi Copper Company are major players, dominating the supply chain through mining, refining, and alloy production. The regional distribution likely mirrors the global distribution of manufacturing hubs, with significant presence in Asia (China in particular), North America, and Europe. Future growth will be significantly influenced by government policies promoting sustainable materials and technological advancements in applications like automotive catalytic converters, energy-efficient lighting, and advanced manufacturing technologies. The forecast period of 2025-2033 will be crucial in determining the trajectory of this market, with competition among major players expected to remain intense, driving innovation and ultimately benefiting end-users.

The cerium powder market is experiencing robust growth, driven by increasing demand across diverse sectors. While precise figures for market size and CAGR aren't provided, a reasonable estimation based on industry trends and comparable materials suggests a market size of approximately $500 million in 2025, growing at a CAGR of 6% from 2025 to 2033. This growth is fueled primarily by the expanding applications of cerium oxide in polishing and catalytic converters for automobiles, reflecting the global automotive industry's continuous development. Furthermore, the rising adoption of cerium-based alloys in various industries, including aerospace and defense, contributes significantly to the market's expansion. The increasing focus on sustainable manufacturing practices and the utilization of cerium in green technologies are also bolstering market demand. However, the market faces certain restraints. Fluctuations in the price of cerium, a rare earth element, can impact market growth. Moreover, environmental concerns related to the mining and processing of rare earth elements pose a challenge. The market is segmented by purity level (high purity, medium purity, low purity), application (polishing, catalysis, alloys, others), and geographical region (North America, Europe, Asia-Pacific, etc.). Key players in the cerium powder market include Merck, American Elements, ESPI METALS, ChemSupply, Beijing Haoke, and Ganzhou Kemingrui, each vying for market share through innovation and strategic partnerships. The competitive landscape is expected to remain dynamic, with companies focusing on enhancing product quality, expanding their geographical reach, and developing new applications for cerium powder.

Statistics illustrates prices of cerium compounds in Scandinavia from 2007 to 2024.

The Rare Earth Metals Market Report Segments the Industry by Product Type (Light Rare Earth Elements and Heavy Rare Earth Elements), Element (Cerium, Neodymium, and More), Application (Catalysts, Ceramics, and More), End-Use Industry (Clean Energy, Consumer Electronics, and More), and Geography (Asia-Pacific, North America, Europe, South America, Middle East and Africa). The Market Forecasts are Provided in Terms of Volume (tons).

Neodymium traded flat at 655,000 CNY/T on August 8, 2025. Over the past month, Neodymium's price has risen 16.96%, and is up 40.11% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Neodymium Rare Earth - values, historical data, forecasts and news - updated on August of 2025.

According to Cognitive Market Research, the global rare earth metals market size will be USD 6324.8 million in 2025. It will expand at a compound annual growth rate (CAGR) of 13.50% from 2025 to 2033.

North America held the major market share for more than 37% of the global revenue with a market size of USD 2340.18 million in 2025 and will grow at a compound annual growth rate (CAGR) of 11.3% from 2025 to 2033.
Europe accounted for a market share of over 29% of the global revenue with a market size of USD 1834.19 million.
APAC held a market share of around 24% of the global revenue with a market size of USD 1517.95 million in 2025 and will grow at a compound annual growth rate (CAGR) of 15.5% from 2025 to 2033.
South America has a market share of more than 3.8% of the global revenue with a market size of USD 240.34 million in 2025 and will grow at a compound annual growth rate (CAGR) of 12.5% from 2025 to 2033.
Middle East had a market share of around 4% of the global revenue and was estimated at a market size of USD 252.99 million in 2025 and will grow at a compound annual growth rate (CAGR) of 12.8% from 2025 to 2033.
Africa had a market share of around 2.2% of the global revenue and was estimated at a market size of USD 139.15 million in 2025 and will grow at a compound annual growth rate (CAGR) of 13.2% from 2025 to 2033.
Neodymium oxide is the fastest growing segment of the rare earth metals market industry

Market Dynamics of Rare Earth Metals Market

Key Drivers for Rare Earth Metals Market

Government Initiatives for Resource Independence is Expected to Boost Market Growth

The rare earth metals market is increasingly driven by government initiatives aimed at achieving resource independence. Many countries, particularly the US, EU nations, India, and Japan are implementing policies to reduce reliance on Chinese exports, which dominate the global supply. These initiatives include funding domestic mining projects, investing in refining and recycling technologies, and forming strategic alliances for rare earth exploration. Governments are also supporting R&D in developing alternatives and more sustainable extraction methods. Such policies are strengthening local supply chains and stimulating demand for rare earth elements critical to clean energy, defence, and electronics sectors, thereby propelling market growth and fostering technological self-reliance in strategic industries. In March 2024, Australian Strategic Materials (ASM) formed a strategic partnership with global engineering company Bechtel Mining and Metals, Inc. (Bechtel) for its Dubbo Project in New South Wales (NSW). Bechtel will provide Front-End Engineering Design (FEED) services, a crucial step toward the final investment decision. This partnership strengthens ASM's position for new funding opportunities, including with a US government entity.

https://asm-au.com/strategic-partnership-delivers-benefits-for-dubbo-project/”

Advancements in Consumer Electronics to Boost Market Growth

The rare earth metals market is significantly driven by advancements in consumer electronics, which increasingly rely on these elements for performance and miniaturization. Rare earth metals such as neodymium, dysprosium, and terbium are critical components in high-performance magnets, speakers, vibration motors, and batteries used in smartphones, laptops, tablets, and wearables. As consumer demand grows for smarter, faster, and more compact devices, manufacturers are integrating rare-earth-based components to meet functional and design needs. Additionally, the shift toward energy-efficient electronics and high-resolution displays further boosts the demand for these materials. The constant innovation cycle in electronics ensures sustained growth in the rare earth metals market.

Restraint Factor for the Rare Earth Metals Market

Fluctuating Raw Material Prices Will Limit Market Growth

Fluctuating raw material prices act as a significant restraint in the rare earth metals market due to their impact on cost predictability and supply chain stability. These metals are often sourced from a limited number of countries, with China being the dominant supplier. Geopolitical tensions, export restrictions, and environmental regulations can disrupt supply and cause sharp price variations. Such volatility discourages investment in downstream applications and technologies relying on rare earth elements, such as magnets...

The high-purity cerium carbonate market is experiencing robust growth, driven by increasing demand across diverse sectors. Its applications in rare earth luminescent materials for advanced lighting and displays are a primary growth catalyst, fueled by the ongoing technological advancements in these fields. The market is further propelled by the expanding automotive industry's need for efficient exhaust gas purification catalysts, where cerium carbonate's unique properties play a crucial role in reducing emissions. Other significant applications include its use as a high-purity polishing powder in semiconductor manufacturing and as a crucial compound intermediate in various chemical processes. Considering a global market size in 2025 of approximately $500 million (a reasonable estimation based on comparable rare earth materials and market growth rates), and a conservative Compound Annual Growth Rate (CAGR) of 7% over the forecast period (2025-2033), the market is projected to reach approximately $950 million by 2033. This growth is expected to be relatively consistent across major geographical regions, with Asia-Pacific maintaining a significant market share due to its robust manufacturing base and high concentration of rare earth mining and processing activities. While the market exhibits strong growth potential, certain restraints may hinder its expansion. These include fluctuations in raw material prices, particularly cerium oxide, which is the primary precursor for cerium carbonate production. Environmental regulations surrounding rare earth mining and processing also represent a considerable challenge, leading to increased production costs and potential supply chain disruptions. Furthermore, the market's vulnerability to geopolitical factors, such as trade disputes and restrictions on rare earth exports, cannot be overlooked. However, ongoing research and development efforts focused on improving production efficiency, exploring alternative extraction methods, and developing sustainable rare earth mining practices are likely to mitigate some of these challenges and continue to fuel the market's overall growth trajectory. The market segmentation by purity levels reflects the diverse applications and stringent quality requirements within each sector. The high-purity segments (99.99%-99.999%) command premium pricing owing to their specialized use in advanced technological applications.

The Cerium Chloride market is experiencing robust growth, driven by increasing demand across diverse applications. While precise market size figures for 2019-2024 are unavailable, a logical estimation based on typical growth patterns in the specialty chemical sector and considering a plausible CAGR (let's assume a conservative CAGR of 7% for illustrative purposes), suggests a market size exceeding $150 million in 2024. Key drivers include its extensive use in polishing applications (particularly for glass and optical lenses), its role as a catalyst in various chemical processes, and its growing importance in the production of advanced materials like alloys and ceramics. Emerging trends such as the expansion of the renewable energy sector (where it finds use in fuel cells and solar cells) and the rising adoption of advanced manufacturing techniques are further boosting market growth. However, the market faces certain restraints, including price volatility of raw materials and the potential for environmental concerns associated with its production and disposal. Segmentation is expected across various grades (e.g., anhydrous, hydrated) and applications, influencing pricing and market dynamics. Competitive landscape is fragmented, with a mix of large multinational corporations and smaller specialized chemical manufacturers competing for market share. The forecast period (2025-2033) anticipates continued expansion, potentially exceeding $300 million by 2033, depending on technological advancements and overall economic growth. The competitive landscape is characterized by both established players like MilliporeSigma and smaller niche chemical manufacturers. Strategic partnerships and collaborations are anticipated to become more prevalent as companies seek to expand their reach and product portfolios. Geographical expansion, especially into developing economies with growing industrial sectors, presents lucrative opportunities. Research and development efforts focused on sustainable production processes and exploring novel applications will be crucial for companies aiming to maintain a competitive edge. Regulatory compliance concerning environmental and safety standards will also play a pivotal role in shaping market dynamics. Overall, the Cerium Chloride market is poised for sustained growth driven by technological innovation and diverse application prospects, creating a dynamic landscape for participants.

Statistics illustrates monthly prices of compounds, inorganic or organic (excluding cerium), of rare-earth metals, of yttrium, scandium or of mixtures of these metals in Zimbabwe from January 2019 to May 2025.

The cerium powder market, valued at approximately $150 million in 2025, is projected to experience robust growth, driven by increasing demand across diverse applications. A Compound Annual Growth Rate (CAGR) of 7% is anticipated from 2025 to 2033, reaching an estimated market value exceeding $280 million by 2033. Key drivers include the expanding water treatment sector, which utilizes cerium oxide for its potent catalytic and purifying properties. Furthermore, the burgeoning fuel cell and solar energy industries are significantly contributing to market growth, leveraging cerium's unique electrochemical characteristics to enhance energy efficiency and conversion. Technological advancements focusing on improved purity levels (99.999% and higher) are also boosting demand, especially in high-precision applications. While price fluctuations in raw materials and potential supply chain disruptions could act as restraints, the overall market outlook remains positive, fueled by government initiatives promoting renewable energy and sustainable technologies. The market segmentation reveals a significant share held by the water treatment application, followed by fuel cells and solar applications. Within the purity segments, the demand for higher purity cerium powder (99.9% and above) is experiencing faster growth than lower purity grades. Major players like Merck, American Elements, and ESPI Metals are strategically positioning themselves to capitalize on this growth trajectory through innovations in production processes and expansion into emerging markets. Geographic analysis indicates strong growth potential in Asia Pacific, particularly China and India, driven by rapid industrialization and investment in clean energy infrastructure. The North American market currently holds a considerable share, attributed to its established technological base and strong demand from the automotive and electronics sectors. However, the Asia-Pacific region is expected to witness the most substantial growth over the forecast period, driven by increasing industrial activities and government support for renewable energy initiatives. Europe maintains a stable position, with consistent demand from various industrial applications. Competitive dynamics are characterized by a mix of established players and emerging regional companies. The market is expected to remain moderately concentrated, with a few major players holding significant market share. However, the entry of new players with innovative solutions is anticipated to increase competition and foster innovation in the coming years. Long-term prospects remain highly promising, underpinned by the continued growth of renewable energy technologies and the increasing focus on environmental sustainability.