Neodymium rose to 742,500 CNY/T on December 1, 2025, up 5.32% from the previous day. Over the past month, Neodymium's price has risen 9.19%, and is up 43.90% 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 December of 2025.

Snapshot img

Rare Earth Metals Market Size 2025-2029

The rare earth metals market size is forecast to increase by USD 3.78 billion at a CAGR of 9.1% between 2024 and 2029.

The market is experiencing significant growth due to the increasing demand for electronic appliances and personal equipment, driven by global consumer trends and technological advancements. This demand is further fueled by the expansion of production capacities and the emergence of alternative suppliers, which are aiming to reduce dependence on traditional sources. However, market growth is not without challenges. Demand-supply imbalances persist due to the complex and often unpredictable nature of rare earth metal mining and production. Moreover, the rise of substitutes, such as recycling and the development of new technologies, is posing a threat to market players. Companies seeking to capitalize on market opportunities must stay abreast of these trends and navigate challenges effectively by investing in research and development, exploring alternative supply chains, and collaborating with industry partners to ensure a stable and sustainable supply of rare earth metals.

What will be the Size of the Rare Earth Metals Market during the forecast period?

Request Free SampleRare earth metals, a group of 17 elements on the periodic table, play a crucial role in various industries, particularly in consumer equipment, catalyst systems, and green technology. These metals are essential for catalyst systems in industrial processes and are key components in magnets used in applications such as permanent magnets in gadolinium magnets and neodymium magnets. The demand for rare earth metals is driven by their use in electric vehicles, electronic appliances, and battery production. The supply chain for these metals is complex, with a significant portion extracted from concentrated deposits. However, resource scarcity and the environmental impact of metal extraction have led to increased focus on recycling efforts. Industrial uses of rare earth metals extend beyond magnets, with applications in battery production, wind turbines, and various other industries. The market dynamics for rare earth metals are influenced by production capacities, demand for specific metals, and the challenges of extracting them from the earth's crust. Catalyst systems, magnet applications, and green technology are just a few areas where rare earth metals contribute significantly. As the world transitions to more sustainable energy sources and electric vehicles become more prevalent, the demand for these metals is expected to grow.

How is this Rare Earth Metals Industry segmented?

The rare earth metals industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments. ApplicationPermanent magnetsMetal alloysCatalystsPolishing powderOthersTypeLight rare earth elementsHeavy rare earth elementsOthersProductCeriumDysprosiumErbiumOthersGeographyAPACChinaIndiaJapanSouth KoreaVietnamNorth AmericaUSCanadaEuropeGermanyUKMiddle East and AfricaSouth America

By Application Insights

The permanent magnets segment is estimated to witness significant growth during the forecast period.Rare earth metals, primarily including neodymium, pradymium, dysprosium, gadolinium, terbium, and samarium, are essential components for producing rare earth magnets. These magnets are integral to various high-tech technologies, such as military equipment, consumer electronics, automotive industries, and renewable energy solutions like wind turbines. Neodymium oxide, a rare earth oxide, is a significant component of Neodymium-iron-boron (NdFeB) magnets, which are widely used in applications ranging from audio and video components to automobiles and electric vehicles. China, as a leading consumer and supplier, dominates the market for NdFeB magnets and exports a substantial amount of these magnets. The environmental impacts of rare earth mining, including water contamination and habitat destruction, as well as air contamination, have raised concerns regarding the sustainability of this industry. However, the increasing demand for clean energy and renewable energy sources, such as LED lamps and wind turbines, necessitates the continued production and capacity expansion. Geopolitical factors and the concentration of rare earth deposits in specific regions contribute to supply chain complexities. Furthermore, rare earth magnets play a crucial role in catalyst systems, glass & ceramics, and various other industries. The evolving market dynamics and trends necessitate a comprehensive of the market and its implications on various industries.

Get a glance at the market report of share of various segments Request Free Sample

The Permanent magnets segment was valued at USD 1.36 billion in 2019 and showed a gradual inc

As of the end of 2024, the estimated average price for terbium oxide at a minimum purity of 99.99 percent stood at *** U.S. dollars per kilogram. This figure represents a steep decrease compared to the price in previous years.

Graph and download economic data for Import Price Index (Harmonized System): Inorganic Chemicals; Organic or Inorganic Compounds of Precious Metals, of Rare-Earth Metals, of Radioactive Elements or of Isotopes (IP28) from Dec 2024 to Aug 2025 about inorganic, chemicals, harmonized, imports, price index, indexes, price, and USA.

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 article discusses the increasing demand for compounds of rare-earth metals, yttrium, and scandium in Australia, leading to an expected upward consumption trend over the next decade. Market performance is projected to decelerate, with a forecasted growth in volume and value terms by 2035.

United States - Export Price Index (Harmonized System): Inorganic Chemicals; Organic or Inorganic Compounds of Precious Metals, of Rare-Earth Metals, of Radioactive Elements or of Isotopes was 104.90000 Index 2000=100 in August of 2025, according to the United States Federal Reserve. Historically, United States - Export Price Index (Harmonized System): Inorganic Chemicals; Organic or Inorganic Compounds of Precious Metals, of Rare-Earth Metals, of Radioactive Elements or of Isotopes reached a record high of 210.30000 in October of 2008 and a record low of 80.90000 in March of 1994. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Export Price Index (Harmonized System): Inorganic Chemicals; Organic or Inorganic Compounds of Precious Metals, of Rare-Earth Metals, of Radioactive Elements or of Isotopes - last updated from the United States Federal Reserve on November of 2025.

Explore the dynamic praseodymium price chart driven by global demand and supply, technological advancements, and geopolitical factors. Understand the volatility in rare earth elements pricing and its impact on advanced technologies like electric vehicles, wind turbines, and magnets.

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.

Index Time Series for VanEck Rare Earth and Strategic Metals UCITS ETF A USD Acc. The frequency of the observation is daily. Moving average series are also typically included. NA

The article discusses the expected increase in demand for compounds of rare-earth metals, yttrium, and scandium in Northern America, leading to a projected upward consumption trend over the next decade. Market performance is predicted to grow at a slower pace, with a forecasted CAGR of +1.7% in volume and +2.0% in value from 2024 to 2035, reaching 3M tons and $38.6B respectively by the end of 2035.

Rare Earth Elements Market Outlook

According to our latest research, the global Rare Earth Elements (REE) market size reached USD 7.3 billion in 2024, demonstrating robust demand across various industries. The market is projected to grow at a CAGR of 8.1% from 2025 to 2033, reaching an estimated USD 13.7 billion by 2033. This growth trajectory is primarily fueled by the rising adoption of rare earth elements in high-growth sectors such as electric vehicles, renewable energy, and advanced electronics. As per our analysis, the marketÂ’s expansion is underpinned by technological advancements and the increasing need for sustainable materials in modern manufacturing processes.

The primary growth driver for the rare earth elements market is the surging demand for clean energy technologies, particularly permanent magnets used in wind turbines and electric vehicle motors. These magnets, predominantly composed of neodymium, praseodymium, and dysprosium, are critical for the efficiency and miniaturization of renewable energy systems. As governments worldwide intensify their focus on decarbonization and climate goals, the deployment of wind energy and electric vehicles is accelerating, thereby propelling rare earth consumption. Furthermore, the ongoing transition toward energy-efficient lighting and electronics, which rely on rare earth-based phosphors and catalysts, continues to bolster market growth.

Another significant growth factor is the rapid expansion of the global electronics and automotive industries. Rare earth elements such as cerium, lanthanum, and yttrium are essential in manufacturing display panels, batteries, and catalytic converters. The proliferation of consumer electronics, coupled with the automotive sectorÂ’s shift toward hybrid and electric vehicles, is driving up the demand for these elements. Additionally, the growing utilization of rare earths in emerging technologies such as robotics, drones, and advanced defense systems further amplifies market opportunities. As innovation cycles shorten and the push for miniaturization intensifies, rare earth elements remain indispensable for next-generation devices.

Supply chain diversification and strategic stockpiling are also influencing the rare earth elements marketÂ’s growth dynamics. Concerns over supply security, given the historical dominance of China in rare earth mining and processing, have prompted several countries to invest in domestic production and recycling initiatives. These efforts aim to mitigate supply risks and stabilize prices, fostering a more resilient and transparent rare earth supply chain. Governments and private stakeholders are increasingly collaborating to develop alternative sources and enhance processing technologies, which is expected to support the marketÂ’s steady expansion over the forecast period.

Lanthanum, a critical component in the rare earth elements market, plays a pivotal role in the development of advanced battery technologies. Its unique properties make it an ideal choice for use in nickel-metal hydride (NiMH) batteries, which are commonly found in hybrid vehicles. As the automotive industry continues to shift towards electrification, the demand for lanthanum is expected to surge. This element not only enhances the energy density of batteries but also contributes to their longevity and efficiency. The growing focus on sustainable energy solutions and the increasing adoption of hybrid vehicles underscore the importance of lanthanum in the future of clean transportation.

From a regional perspective, Asia Pacific continues to dominate the rare earth elements market, accounting for nearly 60% of global consumption in 2024. The regionÂ’s leadership is attributed to its robust manufacturing ecosystem, particularly in China, Japan, and South Korea, which are major hubs for electronics, automotive, and renewable energy industries. North America and Europe are also witnessing significant growth, driven by policy initiatives aimed at reducing dependence on imports and fostering local supply chains. Meanwhile, emerging markets in Latin America and the Middle East & Africa are gradually increasing their participation through exploration projects and strategic partnerships, contributing to the global marketÂ’s diversification and resilience.

Between 2020 and 2023, 70 percent of rare earth imports into the United States originated from China. Malaysia and Japan accounted for another 13 and 6 percent, respectively during that timeframe. Rare earth industry Rare earths include minerals such as scandium, yttrium, and lanthanides and range in abundance in their presence in the Earth’s crust. The problem is that they are dispersed and often it is difficult to find economically exploitable deposits. Rare earths are commonly used in a variety of industries and are essential in manufacturing cellphones, missile systems, and hybrid car batteries among others. China's rare earths industry China is the world's largest producer of rare earths by a large margin. Accordingly, many countries are dependent on rare earths imports from China to meet their needs, much like the United States. This dependency has caused some market volatility. In 2010, China announced a decrease in their rare earth quota and prices increased dramatically. Prices soared from 13.13 U.S. dollars per kilogram in the first quarter of 2010 to almost 60 U.S. dollars per kilogram at the end of October 2010. In 2015, the quota was abolished. However, during the scare, there was never a shortage and in fact, there is now a surplus of many of the minerals. In 2023, China's rare earths production amounted to a total of some 255,000 metric tons. As of 2023, the country was estimated to have about 44 million metric tons of rare earth oxides (REO) in reserves.

During the last quarter of 2024, the erbium prices in China reached 38940 USD/MT in December. As per the erbium price chart, rare earth elements were less in demand than anticipated, especially in the electronics industry. Besides this, erbium availability was disrupted by supply chain modifications and logistical issues, such as port congestion and trade disruptions.

Explore IMARC’s newly published report, titled “Erbium ​Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2025 Edition,” offers an in-depth analysis of erbium pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

United States - Import Price Index (Harmonized System): Inorganic Chemicals; Organic or Inorganic Compounds of Precious Metals, of Rare-Earth Metals, of Radioactive Elements or of Isotopes was 85.70000 Index 2000=100 in August of 2025, according to the United States Federal Reserve. Historically, United States - Import Price Index (Harmonized System): Inorganic Chemicals; Organic or Inorganic Compounds of Precious Metals, of Rare-Earth Metals, of Radioactive Elements or of Isotopes reached a record high of 557.40000 in June of 2022 and a record low of 83.70000 in February of 1994. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Import Price Index (Harmonized System): Inorganic Chemicals; Organic or Inorganic Compounds of Precious Metals, of Rare-Earth Metals, of Radioactive Elements or of Isotopes - last updated from the United States Federal Reserve on November of 2025.

As of 2024, China produced more than two thirds of the total global rare earth mine production. In a distant second place was the United States, accounting for a 11.6 percent share of the global rare earths production that year. In terms of rare earths production volume, China's production quota for rare earths amounted to 270,000 metric tons of rare earth oxide equivalent that year.

Learn about the projected growth of the rare earth metals market over the next decade, driven by increased global demand. Market volume is expected to reach 343K tons and market value to reach $11.4B by the end of 2035.

Stock Price Time Series for Rising Nonferrous Metals Share Co Ltd. Rising Nonferrous Metals Share Co.,Ltd. engages in the mining, smelting separation, deep processing, and trading of rare earth and non-ferrous metals in China. Its products include rare earth concentrates, minerals, mixed rare earths, rare earth oxides, and rare earth permanent magnet materials, as well as tungsten and other products. Rising Nonferrous Metals Share Co.,Ltd. was founded in 1993 and is based in Guangzhou, China.

Statistics illustrates consumption, production, prices, and trade of Rare Earth Metals in Sweden from 2007 to 2024.

This dataset is about: (Table 1) Rare earth element data for sediments from ODP Holes 127-795A and 127-795B. Please consult parent dataset @ https://doi.org/10.1594/PANGAEA.707486 for more information.