- The 17 rare earth elements (REEs) are increasingly in demand
- Applications are varied and extensive, including electronic vehicles
- China produces about 97% of the world's rare earth elements
Interest in rare earth elements is increasing as technology opens up potential applications, according to a new report released on companiesandmarkets.com. The report, entitled Rare Earth Elements Markets Worldwideprovides a comprehensive review of the marketplace, trends, applications, production, demand, locations and competitors, to 2020.
Rare Earth Elements Markets Worldwide
http://www.companiesandmarkets.com/Market-Report/rare-earth-elements-markets-worldwide-612481.asp?prk=7c4ed5b510c1ffe12b50d9829eddaba2
Despite the name, the 17 rare earth elements are found in deposits all over the world, but only occasionally in large enough concentrations that make extraction economically viable. Interest in rare earth elements has increased significantly in recent years, particularly for applications where weight, strength and efficiency are of the utmost importance. Electric vehicles use large quantities to minimise weight and enhance battery capacity. Other applications include medical treatments for certain cancers and glaucoma, via X-ray systems and lasers; electrical goods such as televisions; highly powered magnets for wind generators; refrigeration and water treatment.
Until the mid 1980s, the US dominated the market, but China has since taken over and now produces around 97% of the world's supply. Having limited rare earth element sources presents difficulties in terms of supply and pricing; pushing mining companies and countries reliant on China's exports of rare earth elements to prospect for new deposits. The Rare Earth Elements Markets Worldwide report addresses key political, economic and environmental factors which impact upon the market, as well as its size, locations, structure and participants.
Key players, analysed within the report, include Molycorp Inc, Lynas Corporation Ltd, Great Western Minerals Group Ltd, Great Western Minerals Group Ltd, Arafura Resources Ltd, Avalon Rare Metals Inc, Greenland Minerals and Energy Ltd, Frontier Rare Earths Ltd, US Rare Earths Inc, Stans Energy Corporation. Information is provided on their agreements, partnerships, patents, trademarks, licences, mine development and financial performance.
The June 2011 Rare Earth Elements Markets Worldwide report comprises 172 pages of comprehensive data presented in the form of graphs, tables and charts, with additional commentary.
Report Details: http://www.companiesandmarkets.com/Market-Report/rare-earth-elements-markets-worldwide-612481.asp?prk=7c4ed5b510c1ffe12b50d9829eddaba2
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