Rare Earth Metals Market by Type – JSB Market Research Reports

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Rare Earth Metals Market by Type
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Summary

• Rare earth metals or rare earth elements
  (REEs) are a relatively abundant group of
  seventeen elements found in the periodic table.
  REEs are currently used for alternative energy
  technologies and national security applications.
  REEs are being used extensively in almost every
  possible advanced technology products (cell
  phones, televisions, DVDs, electric vehicles) and
  in many low-technology products (oil refining,
  cigarette lighters, incandescent lighting).
  China holds a near-monopolistic share of 60 on
  mining and processing of the rare earth metals,
  but it may become a net importer of REEs in the
  future. This is due to the emergence of new
  technologies and critical applications which can
  be very profitable in the future. The dependence
  on rare earth elements for much of the worlds
  future growth, especially for alternative energy
  development, cannot be undermined.

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Rare Earth Metals Market by Type
Rare Earth Metals Market by Type
PREMIUM INSIGHTS
MARKET SEGMENTATION
ASIA-PACIFIC THE BEST MARKET
PERMANENT MAGNETS GROWING
CHINA THE REGION DOMINATING
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Rare Earth Metals Market by Type

• The rare earth metals market is driven by
  factors such as high demand in the current and
  emerging applications, increasing demand of clean
  energy, initiatives taken by governments and
  associations, and increasing economy and
  population trends. The factors affecting the
  growth of this market are be the fluctuating
  costs of the rare earth materials, dominance of
  China in the rare earth metals market and illegal
  mining in rare earth mineral ores.Asia- Pacific
  is the top region in terms of total rare earth
  material consumption due to rapidly increasing
  demand in China which accounts for approximately
  60 of global rare earth consumption. North
  America ranks second with followed by Europe.
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  -Rare-Earth-Metals-Market-by-Type-and-Application-
  Global-Trends-Forecast-107526 5

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