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ReportsnReports – The Global Rare Earth Elements Market 2011-2015: Is the Hype Justified?

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Recent findings suggesting a global supply shortage of rare earth elements has created a …

Recent findings suggesting a global supply shortage of rare earth elements has created a
panic among end users and a gold rush among miners. IMARC Group, one of the world’s
leading research and advisory firms, finds that with a number of new mines startingproduction in the next five years, the total supply of rare earth elements will be significantlymore than the total demand. Although, a number of rare earth elements would beoversupplied, we may face a shortage of some elements that are critical for the long termgrowth of the clean technology industry

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  • 1. The Global Rare Earth Elements Market 2011-2015: Is the Hype Justified?Recent findings suggesting a global supply shortage of rare earth elements has created apanic among end users and a gold rush among miners. IMARC Group, one of the world’sleading research and advisory firms, finds that with a number of new mines startingproduction in the next five years, the total supply of rare earth elements will be significantlymore than the total demand. Although, a number of rare earth elements would beoversupplied, we may face a shortage of some elements that are critical for the long termgrowth of the clean technology industry.Buy Now: Global Rare Earth Elements MarketBrowse All: Latest Market Research ReportsIMARC’s new report entitled “The Global Rare Earth Elements Market 2011-2015: Is theHype Justified?” provides an analytical and statistical insight into the global rare earthelements market. The study that has been undertaken using both desk-based as well asqualitative primary research has analyzed five aspects of the rare earth elements market.Key Aspects Analyzed:Understanding the Mining Economics of Rare Earth Elements:Focus of the Analysis:Rare earth mine valuationStages and time taken to develop and start production at a rare earth mineThe total costs involved in rare earth miningMining and downstream processing of rare earth elementsRare earth element pricingUnderstanding China’s Role in the Global Rare Earth Elements Market:Focus of the Analysis:China’s role in the global supply and demand of rare earth elementsReasons for China’s dominanceChina’s current and future supply strategiesComprehensive Situation Analysis of the Global Rare Earth Elements Market:Focus of the analysis:Quantifying the historical sales and production of rare earth elementsIdentification and evaluation of current global rare earth minesIdentification and evaluation of mines expected to begin production in the next five yearsCurrent and future consumption of rare earth elementsEvaluating the Supply and Demand of Various Rare Earth Elements:Focus of the analysis:Quantifying the production of each element from current and future minesQuantifying the current and future demand of each elementHistorical, current and future prices of each elementEvaluating the supply risks of each element and its importance for clean technologyIdentification of critically undersupplied and oversupplied rare earth elements
  • 2. Evaluating the Demand of Rare Earth Elements in Various IndustriesFocus of the analysis:Quantifying the current and future size of each IndustryQuantifying the current and future demands of rare earth elements in each industryIdentification of industries having the highest demand of rare earth elements.Information Sources:Information has been sourced from both primary and secondary sources:Primary sources include industry surveys and face to face/telephone interviews withindustry experts.Secondary sources include proprietary databases and search engines. These sources includecompany websites and reports, books, trade journals, magazines, white papers, industryportals, government sources and access to more than 4000 paid databases.Table of Contents1. Research Methodology & Market Definitions2. Executive Summary3. What are Rare Earth Elements?4. Rare Earth Elements: Are They Really Rare?4.1 Reserve & Reserve Base Estimates4.2 How Long Will They Last?5. Rare Earth Elements: Mining Economics5.1 Mine Valuation: Grades & Composition are Key5.2 Development of a New Project: Can Take Several Years5.3 Rare Earth Mining Costs: Largely Location and Grade Dependent5.3.1 Infrastructure & Capital Costs5.3.2 Operating Costs5.4 Mining & Processing5.4.1 Mining5.4.2 Downstream Processing5.5 Prices: Have Risen Several Fold in Recent Years5.5.1 Factors Affecting Rare Earth Element Prices5.5.2 Historical Prices5.5.3 Pricing Forecast6. China’s Role in the Global Rare Earth Elements Market6.1 China Has a Monopoly Over Rare Earth Elements6.2 Mining Costs in China Are Significantly Lower Than Other Rare Earth Producers6.3 Miners Have Benefitted from the Lack of Proper Working Standards and EnvironmentalRegulations6.4 China Has a Significantly Higher In-house Expertise Compared to Other Rare EarthProducers6.5 China is Decreasing Export Quotas as its Own Domestic Demand is Expected to OutstripSupply6.6 China Aims to Become an Exporter of Higher Value Goods
  • 3. 7. The Global Rare Earth Elements Market7.1 Total Sales & Production of Rare Earth Elements7.2 Production of Rare Earth Elements by Region7.2.1 Current Operational Mines7.2.1.1 Bayan Obo, China7.2.1.2 Longnan, China7.2.1.3 Xunwu, China7.2.1.4 India7.2.1.5 Eastern Coast, Brazil7.2.1.6 Lahat, Malaysia7.2.2 Potential New Projects7.2.2.1 Mt. Weld, Australia7.2.2.2 Mountain Pass, United States7.2.2.3 Nolans, Australia7.2.2.4 Steenkampskraal, South Africa7.2.2.5 Nechalacho, Canada7.2.2.6 Kvanefjeld, Greenland7.2.2.7 Dong Pao, Vietnam7.2.2.8 Dubbo Zirconia, Australia7.3 Consumption of Rare Earth Elements by Region7.3.1 China7.3.2 Japan & Northeast Asia7.3.3 US8. Supply & Demand of Individual Rare Earth Elements8.1 Elements that will Face Supply Shortages in the Near Future8.1.1 Terbium8.1.1.1 Element Overview & Supply Risks8.1.1.2 Supply & Demand8.1.2 Dysprosium8.1.2.1 Element Overview & Supply Risks8.1.2.2 Supply & Demand8.1.3 Neodymium8.1.3.1 Element Overview & Supply Risks8.1.3.2 Supply & Demand8.1.4 Europium8.1.4.1 Element Overview & Supply Risks8.1.4.2 Supply & Demand8.2 Elements That Will Be Oversupplied in the Near Future8.2.1 Yttrium8.2.1.1 Element Overview & Supply Risks8.2.1.2 Supply & Demand8.2.2 Lanthanum8.2.2.1 Element Overview & Supply Risks8.2.2.2 Supply & Demand8.2.3 Cerium8.2.3.1 Element Overview & Supply Risks8.2.3.2 Supply & Demand
  • 4. 8.2.4 Praseodymium8.2.4.1 Element Overview & Supply Risks8.2.4.2 Supply & Demand8.2.5 Samarium8.2.5.1 Element Overview & Supply Risks8.2.5.2 Supply & Demand9. Market by Application (2010-2015)9.1 Magnets9.2 NiMH Batteries9.3 Auto Catalysts9.4 Diesel Engines9.5 Fluid Cracking Catalysts9.6 Phosphers9.7 Glass9.8 Polishing Powders9.9 Other Applications11. Overcoming the Potential Shortfalls in Supply11.1 Stockpiling11.2 Recycling11.3 Substitution11.4 Material Shortfall Strategies by Various Rare Earth Consumers12. Key Player Profiles12.1 Lynas Corporation12.2 Molycorp Minerals12.3 Arafura Resources Ltd12.4 Great Western Minerals Group Ltd12.5 Avalon Rare Metals Inc12.6 Greenland Minerals & Energy Ltd12.7 Alkane Resources LtdList of FiguresFigure 2 1: Timeline for Important Events in the Global Rare Earth Elements MarketFigure 3 1: Periodic Table Showing Rare Earth ElementsFigure 4 1: Topology of Rare Earth ElementsFigure 4 2: Global: Rare Earth Metal Reserves by Country (in Million Metric Tons), 2010Figure 4 3: Global: Rare Earth Metal Reserves by Country (in %), 2010Figure 4 4: Global: Rare Earth Metals Reserve Base by Country (in Million Metric Tons),2009Figure 4 5: Global: Rare Earth Metals Reserve Base by Country (in %), in 2009Figure 4 6: Global: Breakup of Light & Heavy Rare Earth Metal Reserves (in %), 2010Figure 5 1: Comparative Total Rare Earth Oxide Values of Various Rare Earth Mines, 2010Figure 5 2: Thor Lake Rare Earth Mine: Breakup of Total Operational Costs Involved inMining & Processing, (in %)Figure 5 3: Global: Sources of Rare Earth MetalsFigure 5 4: Flow Chart: Concentration of Rare Earth OresFigure 5 5: Flow Chart: Extraction of Rare Earths from their Concentrated OresFigure 6 1: China’s Rare Earth Monopoly
  • 5. Figure 6 2: China & US: Average Labor Costs Per Hour (in US$), 2006Figure 6 3: China: Domestic Demand and Supply of Rare Earth Elements, (in Metric Tons),2010-2015Figure 6 4: China: High Technology Exports (% of Manufactured Exports) 2000 & 2009Figure 6 5: China: Rare Earth Elements Market Evolution, 1970 – 2011Figure 7 1: Global: Rare Earth Metals Production (in 000’ Metric Tons) 1995-2010Figure 7 2: Global: Rare Earth Metals Market (in Billion US$) 2008-2010Figure 7 3: Global: Rare Earth Metals Production Forecast (in 000’ Metric Tons), 2011-2015Figure 7 4: Global: Rare Earth Metals Market Forecast (in Billion US$), 2011-2015Figure 7 5: Global: Rare Earth Metals Production by Country (in %), 2010Figure 7 6: Global: Rare Earth Metals Production by Country Forecast (in %), 2015Figure 7 7: Bayan Obo Rare Earth Mine: Composition of Various Elements, (in %)Figure 7 8: Longnan Rare Earth Mine: Composition of Various Elements, (in %)Figure 7 9: Xunwu Rare Earth Mine: Composition of Various Elements, (in %)Figure 7 10: India Rare Earth Mine: Composition of Various Elements, (in %)Figure 7 11: Eastern Coast Rare Earth Mine: Composition of Various Elements, (in %)Figure 7 12: Lahat Rare Earth Mine: Composition of Various Elements, (in %)Figure 7 13: Mt Weld Rare Earth Mine: Composition of Various Elements, (in %)Figure 7 14: Mountain Pass Rare Earth Mine: Composition of Various Elements, (in %)Figure 7 15: Nolans Rare Earth Mine: Composition of Various Elements, (in %)Figure 7 16: Steenkampskraal Rare Earth Mine: Composition of Various Elements, (in %)Figure 7 17: Nechalacho Rare Earth Mine: Composition of Various Elements, (in %)Figure 7 18: Kvanefjeld Rare Earth Mine: Composition of Various Elements, (in %)Figure 7 19: Dong Pao Rare Earth Mine: Composition of Various Elements, (in %)Figure 7 20: Dubbo Zirconia Rare Earth Mine: Composition of Various Elements, (in %)Figure 7 21: Global: Rare Earth Elements Consumption by Region, (in %), 2010Figure 7 22: Global: Rare Earth Elements Consumption by Region Forecast, (in %), 2015Figure 8 1: Terbium: Supply & Demand Balance, (in Metric Tons), 2015Figure 8 2: Terbium: Historical prices (in US$/kg), 2007-2010Figure 8 3: Terbium: Price Forecasts (in US$/kg), 2011-2015Figure 8 4: Dysprosium: Supply & Demand Balance, (in Metric Tons), 2015Figure 8 5: Dysprosium: Historical prices (in US$/kg), 2007-2010Figure 8 6: Dysprosium: Price Forecasts (in US$/kg), 2011-2015Figure 8 7: Neodymium: Supply & Demand Balance, (in Metric Tons), 2015Figure 8 8: Neodymium: Historical prices (in US$/kg), 2007-2010Figure 8 9: Neodymium: Price Forecasts (in US$/kg), 2011-2015Figure 8 10: Europium: Supply & Demand Balance, (in Metric Tons), 2015Figure 8 11: Europium: Historical prices (in US$/kg), 2007-2010Figure 8 12: Europium: Price Forecasts (in US$/kg), 2011-2015Figure 8 13: Yttrium: Supply & Demand Balance, 2015 (in Metric Tons)Figure 8 14: Yttrium: Historical prices (in US$/kg), 2007-2010Figure 8 15: Yttrium: Price Forecasts (in US$/kg), 2011-2015Figure 8 16: Lanthanum: Supply & Demand Balance, (in Metric Tons), 2015Figure 8 17: Lanthanum: Historical prices (in US$/kg), 2007-2010Figure 8 18: Lanthanum: Price Forecasts (in US$/kg), 2011-2015Figure 8 19: Cerium: Supply & Demand Balance, (in Metric Tons), 2015Figure 8 20: Cerium: Historical prices (in US$/kg), 2007-2010Figure 8 21: Cerium: Price Forecasts (in US$/kg), 2011-2015Figure 8 22: Praseodymium: Supply & Demand Balance, (in Metric Tons), 2015
  • 6. Figure 8 23: Praseodymium: Historical prices (in US$/kg), 2007-2010Figure 8 24: Praseodymium: Price Forecasts (in US$/kg), 2011-2015Figure 8 25: Samarium: Supply & Demand Balance, (in Metric Tons), 2015Figure 8 26: Samarium: Historical Prices (in US$/kg), 2007-2010Figure 8 27: Samarium: Price Forecasts (in US$/kg), 2011-2015Figure 9 1: Diesel Particulate FilterList of TablesTable 1 1: Rare Earth Elements: Light & Heavy DefinitionsTable 3 1: Rare Earth Elements: Characteristics & ApplicationsTable 4 1: Global: Rare Earth Metals: Reserve & Reserve Base Estimates by Country (inMillion Metric Tons)Table 5 1: Light & Heavy Rare Earth Elements: Key Barriers to EntryTable 5 2: Total Time & Stages Required in Constructing & Bringing a Rare Earth Mine toProductionTable 5 3: Rare Earth Elements: Mining & Processing CostsTable 5 4: Thor Lake Rare Earth Mine: Total Infrastructure & Capital Costs, (in Million US$)Table 5 5: Thor Lake Rare Earth Mine: Breakup of Capital Costs, (in Million US$)Table 5 6: Thor Lake Rare Earth Mine: Operational Costs Involved in Underground Miningand Preparation of a Bulk Concentrate, (Cost US$ Per Metric Ton of Ore Mined)Table 5 7: Thor Lake Rare Earth Mine: Operational Costs Involved in HydrometallurgicalProcessing, (Cost US$ Per Metric Ton of Ore Mined)Table 5 8: Thor Lake Rare Earth Mine: Total Operational Costs Involved in Mining &Processing, (Cost US$ Per Metric Ton of Ore Mined)Table 5 9: Sources of Rare Earth Elements & Their CompositionTable 5 10: Average Annual Prices of Individual Rare Earth Elements, (in US$/Kg), 2007-2011Table 5 11: Average Annual Price Forecast of Individual Rare Earth Elements, (in US$/Kg),2011-2015Table 6 1: China: Rare Earth Elements Export Quota (in Metric Tons), 2005 – 2011Table 7 1: Global: Rare Earth Metals Production by Country (in Metric Tons), 1995-2002Table 7 2: Global: Rare Earth Metals Production by Country (in Metric Tons), 2003-2010Table 7 3: Global: Rare Earth Metals Production by Country & Mine Forecast (in MetricTons), 2011-2015Table 7 4: Global: Distribution of Elements in Various Rare Earth Mines, (in %)Table 7 5: Bayan Obo Rare Earth Mine: Composition of Various Elements, (in %)Table 7 6: Longnan Rare Earth Mine: Composition of Various Elements, (in %)Table 7 7: Xunwu Rare Earth Mine: Composition of Various Elements, (in %)Table 7 8: India Rare Earth Mine: Composition of Various Elements, (in %)Table 7 9: Eastern Coast Rare Earth Mine: Composition of Various Elements, (in %)Table 7 10: Lahat Rare Earth Mine: Composition of Various Elements, (in %)Table 7 11: Mt Weld Rare Earth Mine: Composition of Various Elements, (in %)Table 7 12: Mountain Pass Rare Earth Mine: Composition of Various Elements, (in %)Table 7 13: Nolans Rare Earth Mine: Composition of Various Elements, (in %)Table 7 14: Steenkampskraal Rare Earth Mine: Composition of Various Elements, (in %)Table 7 15: Nechalacho Rare Earth Mine: Composition of Various Elements, (in %)Table 7 16: Kvanefjeld Rare Earth Mine: Composition of Various Elements, (in %)Table 7 17: Dong Pao Rare Earth Mine: Composition of Various Elements, (in %)Table 7 18: Dubbo Zirconia Rare Earth Mine: Composition of Various Elements, (in %)
  • 7. Table 7 19: Global: Rare Earth Elements Consumption by Region & Application, (in MetricTons), 2010Table 7 20: Global: Rare Earth Elements Consumption by Region & Application Forecast, (inMetric Tons), 2015Table 7 21: China: Rare Earth Elements Consumption by Application, (in Metric Tons), 2010& 2015Table 7 22: Japan & Northeast Asia: Rare Earth Elements Consumption by Application, (inMetric Tons), 2010 & 2015Table 7 23: US: Rare Earth Elements Consumption by Application, (in Metric Tons), 2010 &2015Table 8 1: Global: Supply of Various Rare Earth Elements (in Metric Tons), 2010-2015Table 8 2: Global: Composition of Various Rare Earth Elements, (in %) 2010-2015Table 8 3: Global: Supply & Demand of Various Rare Earth Elements, (in Metric Tons), 2015Table 8 4: Terbium: Overview, Importance to Clean Energy & Supply RiskTable 8 5: Global: Terbium Production: Break-up by Mine (in Metric Tons), 2010 – 2015Table 8 6: Dysprosium: Overview, Importance to Clean Energy & Supply RiskTable 8 7: Global: Dysprosium Production: Break-up by Mine (in Metric Tons), 2010 – 2015Table 8 8: Neodymium: Overview, Importance to Clean Energy & Supply RiskTable 8 9: Global: Neodymium Production: Break-up by Mine (in Metric Tons), 2010 – 2015Table 8 10: Europium: Overview, Importance to Clean Energy & Supply RiskTable 8 11: Global: Europium Production: Break-up by Mine (in Metric Tons), 2010 – 2015Table 8 12: Yttrium: Overview, Importance to Clean Energy & Supply RiskTable 8 13: Global: Yttrium Production: Break-up by Mine (in Metric Tons), 2010 – 2015Table 8 14: Lanthanum: Overview, Importance to Clean Energy & Supply RiskTable 8 15: Global: Lanthanum: Production Break-up by Mine (in Metric Tons), 2010 – 2015Table 8 16: Cerium: Overview, Importance to Clean Energy & Supply RiskTable 8 17: Global: Cerium: Production Break-up by Mine (in Metric Tons), 2010 – 2015Table 8 18: Praseodymium: Overview, Importance to Clean Energy & Supply RiskTable 8 19: Global: Praseodymium: Production Break-up by Mine (in Metric Tons), 2010 –2015Table 8 20: Samarium: Overview, Importance to Clean Energy & Supply RiskTable 8 21: Global: Samarium: Production Break-up by Mine (in Metric Tons), 2010 – 2015Table 9 1: Global: Demand of Rare Earth Elements by Application, (in Metric Tons), 2010-2015Table 9 2: Global: Share of Rare Earth Elements by Application, (in %), 2010-2015Table 9 3: Global: Production of NdFeB Magnets & Rare Earth Element Consumption, (inMetric Tons), 2010-2015Table 9 4: Global: Production of NiMH Battery Alloys & Rare Earth Element Consumption, (inMetric Tons), 2010-2015Table 9 5: Global: Demand for Auto Catalysts & Rare Earth Elements Consumption, (inMetric Tons), 2010-2015Table 9 6: Global: Demand of Cerium Oxide for Diesel Fuel Borne Catalysts, (in MetricTons), 2010-2015Table 9 7: Global Demand of FCC Catalysts & Rare Earth Element Consumption, (in MetricTons), 2010-2015Table 9 8: Global: Demand of Rare Earth Elements in Phosphors, (in Metric Tons), 2010-2015Table 9 9: Global: Demand of Rare Earth Elements in Major Glass Applications (in MetricTons), 2010-2015
  • 8. Table 9 10: Global: Demand of Rare Earth Elements in Polishing Powders (in Metric Tons),2010-2015Table 9 11: Global: Demand of Rare Earth Elements in Other Applications (in Metric Tons),2010-2015Table 11 1: Substitution Possibilities in Rare Earth ElementsTable 11 2: Material Shortfall Strategies by Rare Earth Reserve Rich CountriesTable 11 3: Material Shortfall Strategies by Countries Not Having Rich Rare Earth ReservesLatest Market Research Reports:Research Report on Chinese Tire Industry, 2011-2012Research Report on Global and Chinese Tablet Computer Markets, 2011-2012The Global Rare Earth Elements Market 2011-2015: Is the Hype Justified?Global Healthcare Cold Chain Logistics Market Report & Forecast (2011-2016)The Future of Interior Products in Germany to 2015: Demand to Gather Pace from 2013Direct Methanol Fuel Cells (DMFC) Technical Insights & Market OpportunitiesAbout Us:ReportsnReports is an online library of over 75,000 market research reports and in-depthmarket research studies & analysis of over 5000 micro markets. We provide 24/7 online andoffline support to our customers. Get in touch with us for your needs of market researchreports.Follow us on Twitter: http://twitter.com/marketsreportsOur Facebook Page: http://www.facebook.com/pages/ReportsnReports/191441427571689Contact:Mr. Priyank7557 Rambler road,Suite 727, Dallas, TX 75231Tel: +1-888-989-8004 EXT 106E-mail: sales@reportsandreports.comhttp://www.reportsnreports.comBlog: http://www.reportsnreportsblog.com