According to a recent Press Release: The global rare earth metals market is expected to reach USD 8.19 billion by 2018
Rare Earth Investments News
Increasing applications in permanent magnets, rechargeable batteries and catalysts for reducing pollution, electronics, portable equipment and computers are expected to drive rare earth metals demand over the next five years.Key application segments analyzed in this study include magnets, catalysts, metallurgy, ceramics, phosphors, and glass and polishing. Magnets and metallurgy applications dominated the rare earth metals consumption, together accounting for 40.9% of the total consumption in 2011. This study provides a comprehensive analysis of seventeen key rare earth metals including lanthanum, praseodymium, cerium, neodymium, samarium, promethium, europium, dysprosium, holmium, gadolinium, terbium, thulium, scandium, yttrium erbium, ytterbium, and lutetium. Cerium, lanthanum and neodymium are the most widely consumed rare earth metals and together accounted for 82.9% of the total volumes consumed in 2011. The demand for praseodymium, neodymium, and dysprosium is primarily driven by the increasing demand for permanent magnets and rechargeable batteries. Europium, yttrium and terbium are extensively used in phosphors for a host of applications in the electronic industry.
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About London Commodity Markets
At London Commodity Markets, our goal is to identify opportunities that provide a unique opportunity for investors to take advantage of the alternative investment and green investment markets and to profit from trading in rare earth elements, rare earth commodities as well as crude oil, gold and silver investments. Visit http://londoncommoditymarkets.com
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