Commodity Market Report
Global rare earths short-term outlook May 2022
Report summary
Rare earth prices for key magnet elements stabilised and recovered in May as Chinese consumers returned to the market after Covid-19 related lockdowns. A lack of consumer purchases for other rare earths maintained prices at April levels. Demand growth remains strong for magnet rare earth elements, though recent high prices and supply availability concerns are causing the substitution of rare earth permanent magnets in energy transition and other end-uses. The reopening of the border between China and Myanmar, along with the restart of mining in Southern China will improve feedstock availability, particularly for heavy rare earths, though the supply reaction will be limited by effective processing capacity.
Table of contents
- Lanthanum and cerium oxide
- Neodymium, praseodymium and Nd-Pr oxide
- Samarium, europium and gadolinium oxide
- Terbium and dysprosium oxide
-
Other heavy rare earth oxides
- Changes to wind energy forecast
- Changes to GDP and industrial sector growth forecast
- Changes to average magnet compositions
- Substitution factors in non-essential applications
- China-Myanmar border reopens but supply to remain subdued
- Resumption of IAC mining in Southern China restricted by downstream processing
- China Rare Earth Group looks to expand heavy rare earth production in Yunan province
- Monazite mineral sands development pipeline strengthens
- Hyundai signs non-binding MoU with Arafura Resources
- LKAB plans to enter the rare earths market
Tables and charts
This report includes 24 images and tables including:
- Historical lanthanum and cerium oxide prices
- Forecast lanthanum and cerium oxide prices
- Neodymium, praseodymium and Nd-Pr oxide prices
- Forecast praseodymium, neodymium and Nd-Pr oxide prices
- Samarium, europium and gadolinium oxide prices
- Forecast samarium, europium and gadolinium oxide prices
- Terbium and dysprosium oxide prices
- Forecast terbium and dysprosium oxide prices
- Holmium, erbium1, ytterbium, yttrium and lutetium oxide prices
- Forecast ytterbium, erbium and yttrium oxide prices
- Forecast holmium and lutetium oxide prices
- SPMG usage in onshore and offshore new installations
- Drivetrain technology market share in new offshore capacity
- Drivetrain technology market share in new onshore capacity
- Dy oxide demand in magnet end-use applications
- Rare earth demand by application
- Rare earth demand by element
- Global mined supply by region
- Global refined and recycled supply
- Chinese exports of rare earth products
- Imports of RE compounds (US, Japan, EU27)
- Imports of RE metal (US, Japan, EU27)
- Forecast neodymium oxide market balance
- Forecast dysprosium oxide market balance
What's included
This report contains:
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