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.

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.

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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.

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

The global rare earth metals market size is predicted to reach USD 6.2 billion in 2024. It is anticipated to grow at a CAGR of 10.1% during the forecast period to reach a value of USD 16.1 billion by 2034. The market is projected to witnesses a Y-o-Y growth of 9.1% in 2024.

Semi-annual Market Update

Country-wise Insights

Category-wise Insights

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 global rare earth metals market size was valued at over USD 6.4 billion in 2025 and is expected to register a CAGR of around 6.2%, exceeding USD 11.68 billion revenue by 2035, driven by technological advancements and electronics industry growth.

The U.S. rare earth elements market size was USD 85.5 million in 2024, and it will grow by 9.5% during 2025-2032, reaching USD 174.8 million by 2032.

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Upon thorough analysis and research, the following factors has been identified as the critical rare earth metals market trends during the forecast period 2020-2024:

Rise of new production capacities

Rise of new production capacities

Neo Performance Materials Inc. - Key news New plants, offices, and locations. In August 2019, the company completed the previously announced acquisition of the assets of Anhui Asia Magnets Co. Ltd.

The Rare Earth Elements 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, and More). The Market Forecasts are Provided in Terms of Volume (tons).

The price of the rare earth oxide neodymium oxide was 49,763 U.S. dollars per metric ton in 2020. By 2030, the price of neodymium oxide is expected to increase to 45,500 U.S. dollars per metric ton.

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.

The global rare earth metal market reduced modestly to $6.9B in 2024, falling by -3% against the previous year. Overall, the total consumption indicated a perceptible expansion from 2012 to 2024: its value increased at an average annual rate of +2.1% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, consumption decreased by -1.6% against 2021 indices.

Discover the booming rare earth metal market forecast to 2033! This in-depth analysis reveals key trends, drivers, restraints, and regional market shares for neodymium, cerium, dysprosium, and other crucial elements. Explore the competitive landscape and future growth potential. 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.

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...

Rare Earth Oxide Market Outlook

According to the latest research conducted in 2025, the global Rare Earth Oxide market size was valued at approximately USD 7.4 billion in 2024. The market is expected to expand at a robust CAGR of 7.1% during the forecast period, reaching a projected value of USD 13.9 billion by 2033. This impressive growth is primarily fueled by the surging demand for advanced electronics, clean energy technologies, and the proliferation of electric vehicles worldwide. The marketÂ’s upward trajectory is further supported by the increasing application of rare earth oxides in high-performance magnets, catalysts, and various cutting-edge industrial processes, as per our latest research insights.

One of the most significant growth factors for the Rare Earth Oxide market is the rapid expansion of the electronics and renewable energy sectors. Rare earth oxides, such as neodymium and praseodymium oxides, are indispensable in the production of high-strength permanent magnets, which are crucial components in wind turbines, electric vehicle motors, and a variety of consumer electronics. The global shift towards sustainable energy solutions and the rising adoption of electric vehicles have created a surge in demand for these materials. Additionally, the miniaturization trend in the electronics industry has further enhanced the need for rare earth oxides, as they enable the development of smaller, more efficient, and more powerful electronic devices. This trend is expected to continue driving market growth over the coming years as nations invest heavily in green technologies and digital infrastructure.

Another critical driver is the increasing utilization of rare earth oxides in the automotive and chemical industries. In the automotive sector, these oxides play a pivotal role in the manufacturing of catalytic converters, which are essential for meeting stringent emissions regulations worldwide. Lanthanum and cerium oxides are particularly sought after for their effectiveness in improving fuel efficiency and reducing harmful emissions. Meanwhile, in the chemical industry, rare earth oxides are extensively used as catalysts in various industrial processes, including petroleum refining and polymer synthesis. The growing focus on cleaner production methods and the global push towards reducing carbon footprints are compelling manufacturers to adopt rare earth oxide-based catalysts, thereby bolstering market demand.

Furthermore, the robust growth of the glass, ceramics, and metallurgy sectors is contributing to the rising consumption of rare earth oxides. These materials are vital for imparting specific optical, magnetic, and structural properties to glass and ceramic products, making them indispensable in the production of specialty glass, optical fibers, and advanced ceramics. The construction and infrastructure boom in emerging economies, coupled with the increasing demand for high-performance materials in aerospace, defense, and healthcare, is expected to further augment the market. However, the industry faces challenges such as fluctuating raw material prices and supply chain constraints, particularly due to the concentration of rare earth mining and processing in a few countries.

Praseodymium Oxide, a key component in the rare earth oxide market, plays a crucial role in the development of high-strength permanent magnets. These magnets are indispensable in various applications, including electric vehicle motors and wind turbines, due to their superior magnetic properties. The demand for Praseodymium Oxide is expected to rise significantly as the world shifts towards more sustainable and energy-efficient technologies. Its unique characteristics also make it valuable in the production of specialty glasses and ceramics, where it imparts essential optical and structural properties. As industries continue to innovate and seek more efficient materials, Praseodymium Oxide's importance in the market is likely to grow, driven by advancements in technology and increased investment in green energy solutions.

Regionally, Asia Pacific dominates the rare earth oxide market, accounting for the largest share in both production and consumption. China, in particular, is the worldÂ’s leading producer and exporter of rare earth oxides, benefiting from vast reserves and advanced processing capabiliti

The CIS rare earth metal market amounted to $165M in 2024, therefore, remained relatively stable against the previous year. The market value increased at an average annual rate of +1.2% over the period from 2012 to 2024; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The level of consumption peaked at $169M in 2017; however, from 2018 to 2024, consumption remained at a lower figure.

Rare Earth Metals Market size was valued at USD 4.84 Billion in 2023 and is projected to reach USD 10.78 Billion by 2030, growing at a CAGR of 11.42% during the forecasted period 2024 to 2030.

Global Rare Earth Metals Market Drivers

The market drivers for the Rare Earth Metals Market can be influenced by various factors. These may include:

Technological Advancements: The market is growing because to the growing demand for rare earth metals, which are essential for high-tech applications including smartphones, electric cars, renewable energy technologies, and defense systems.

worldwide Transition to Clean Energy: Rare earth metals are essential to the manufacturing of solar panels, wind turbines, and batteries for electric vehicles, all of which support the worldwide movement toward sustainable development and renewable energy sources.

Strategic Importance in Defense: The production of cutting-edge defense technology, such as radar systems, aircraft engines, and missile guidance systems, depends on rare earth metals, which is why the defense industry globally is seeing a large demand for them.

Emerging Markets: As a result of the fast industrialization and urbanization of emerging nations like China, India, and Brazil, there is a rise in the need for rare earth metals in the construction of infrastructure, the production of electronics, and the manufacture of consumer products.

Discover the booming Rare Earth Metals market, projected to reach $23 billion by 2033 with a 9.59% CAGR. This in-depth analysis explores market drivers, trends, restraints, key players like Lynas Rare Earths and Iluka Resources, and regional breakdowns. Learn about the competitive landscape and future outlook for this crucial sector powering green technologies.

The Cuban rare earth metal market totaled less than $X in 2021, almost unchanged from the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption saw a relatively flat trend pattern.

Check Market Research Intellect's Rare Earth Metals Market Report, pegged at USD 1.2 billion in 2024 and projected to reach USD 2.5 billion by 2033, advancing with a CAGR of 9.5% (2026-2033).Explore factors such as rising applications, technological shifts, and industry leaders.