DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/rpb67m/rare_earth_metals) has announced the addition of the "2014 Report on the International Rare Earth Metals Market - Forecast to 2018" report to their offering.
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 world's future growth, especially for alternative energy development, cannot be undermined.
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.
Key Topics Covered:
2 Executive Summary
3 Premium Insights
4 Market Overview
5 Rare Earth Metals Market, By Type
6 Rare Earth Metals Market, By Application
7 Rare Earth Metals Market, By Geography
8 Competitive Landscape
9 Company Profiles
- Alkane Resources Ltd.
- Arafura Resources Ltd.
- Avalon Rare Metals Inc.
- Baotou Hefa Rare Earth Co. Ltd.
- Canada Rare Earth Corporation
- China Minmetals Rare Earth Co. Ltd.
- Great Western Minerals Group Ltd.
- Indian Rare Earth
- Lynas Corporation Ltd.
- Molycorp Inc.
For more information visit http://www.researchandmarkets.com/research/rpb67m/rare_earth_metals