Commodity Market Report
Global Rare Earth Strategic Planning Outlook - Q2 2022
This report is currently unavailable
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Wood Mackenzie forecast rare earth demand growth from energy transition applications will nearly double demand volumes in the period to 2050. Magnet applications will display the highest growth in demand, increasing two-fold by 2040. Supply availability and cost concerns are expected to cause substitution, particularly in magnet applications with the highest cost exposure. Prices for key rare earths will remain supported long-term by a tight market, though most rare earths will see longer term oversupplied markets. Incentivising the development of new mining and refined supply globally via pricing and off-take agreements will be critical for longer-term growth in the rare earths industry. Recycling will increase in importance, though challenges remain in the collection, dismantling and processing of scrap material.
Table of contents
- Improved supply availability to weaken short-term prices though strong demand growth from magnets will keep pace longer term
- Tight market for Nd compounds will persist supporting Nd and Nd-Pr oxide prices longer term
Tables and charts
No table or charts specified
What's included
This report contains:
Other reports you may be interested in
Insight
Webinar: Olefins value chain strategic planning outlook 2025
Watch our Strategic Planning Outlook webinar for the olefins value chain here
$900
Insight
Global oil cost curves and pre-FID breakevens H1 2025
Deepwater developments are becoming more competitive, driven by new production in Latin America
$6,000
Insight
China imposes export controls on some medium and heavy rare earths
China imposes export controls on key rare earths. We explore impacts, alternatives, and their effects on the global rare earth market.
$1,050
