Mining Commodities & Minerals · Direct
Monitoring · monthlyProcurement Category Intelligence
Rare Earth Concentrates
Overview
Market size
$6.8B
global, USD
CAGR
8.5%
base to forecast
Buyer power
-2.0
supplier-favoured
Suppliers
6
tracked players
Signals
12
7 high severity
Market outlook
2031$10.2B
What changed
Demand by region
China demand72%
Japan demand12%
Europe demand7%
North America demand6%
Rest of world demand3%
share of global demandtotal 100%
Cost drivers
Mining and extraction operations35%
Chemical beneficiation and leaching agents25%
Energy and processing utilities20%
Regulatory compliance and environmental mitigation10%
Logistics and bulk freight shipping10%
share of delivered cost (analyst estimate)