Global rare earths strategic planning outlook Q1 2023
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Table of contents
-
Market outlook and prices
- Most rare earth elements to remain oversupplied
- Neodymium supply defines the rare earth market
- Diverging outlooks for other magnet rare earths
- Macroeconomic outlook
- Quota announcement expected to help stabilise prices
- Forecast prices for key magnet rare earths remain supported by strong demand growth
- Heavy rare earth prices to decline longer term as supply availability improves
-
Demand
- Permanent magnet applications will increase their share of rare earth demand
- Wind energy generation to play key role in magnet demand
- Outlook for catalyst demand impacted by falling ICE vehicle sales and transition to renewable energy generation
-
Supply
- Mine supply to become increasingly diversified
- Monazite mineral sands
- Refined supply to remain China-centred
- Secondary supply to grow in importance
-
Market balance
- Lanthanum and cerium
- Neodymium
- Praseodymium
- Samarium, europium and gadolinium (SEG)
- Terbium and dysprosium
- Other heavy rare earths
-
Prices
- Lanthanum and cerium oxides
- Risks to the base case
- Neodymium, praseodymium and Nd-Pr oxides
- Risks to the base case
- Samarium, europium and gadolinium oxide
- Risks to the base case
- Terbium and dysprosium
- Risks to the base case
- Other heavy rare earths
- Risks to the base case
- Overview
- Changes since Q4 2022
-
Magnet Applications
- Automotive and transport applications
- Wind energy generation
- Computing, electronics and audio
- Magnet demand by element
- Catalysts
- Polishing powders
- Batteries
- Glass
- Metallurgical
- Minor applications
-
Mine supply
- Mine production capability
- Alternative sources of rare earths
- Monazite mineral sands
- Apatite
- Other phosphates
- Regional supply trends
- China
- North America
- Asia Pacific (ex-China)
- Europe
- Africa and the Middle East
- Latin America
-
Refined supply
- Refined production capability
- Regional supply trends
- China
- North America
- Asia Pacific (ex-China)
- Europe
- Africa and the Middle East
- Latin America
-
Recycled supply
- Recycling production capability
- Regional supply trends
- China
- North America
- Asia Pacific (ex-China)
- Europe
- Africa and the Middle East
- Latin America
Tables and charts
This report includes 43 images and tables including:
- Global supply-demand balance
- Rare earth oxide price index (2023=100, Real US$2023)
- Rare earth oxide price forecast (Real, US$2023)
- Global rare earth demand by element (kt REO)
- Global rare earth demand by region
- Changes in rare earth demand forecast since Q4 2022 by end-use
- NdFeB and Sm-Co magnet demand
- Global passenger and commercial automotive sales outlook
- Demand in catalyst applications
- Catalyst demand by region
- Polishing powder demand by type
- NiMH alloy demand by application and rare earth consumption
- Glass demand by application
- Rare earth demand from minor applications (t REO)
- Global mine supply by region
- Neodymium market outlook
- Global rare earth demand by application
- Global supply-demand balance for neodymium oxide
- Global supply-demand balance for praseodymium
- Electric vehicle drivetrain composition by element
- Global supply-demand balance for terbium
- Global supply-demand balance for dysprosium
- Lanthanum and cerium oxide price outlook
- Neodymium, praseodymium and Nd-Pr oxide price outlook
- Samarium, europium and gadolinium oxide price outlook
- Terbium and dysprosium oxide price outlook
- Holmium and lutetium oxide price outlook
- Ytterbium, erbium and yttrium oxide price outlook
- Demand from automotive and transport applications
- Passenger BEV drivetrain motor technology breakdown
- Passenger vehicle sales by type
- Wind energy generation and generator type
- Offshore project development by region
- Offshore NdFeB demand by region
- NdFeB demand in computing, electronics and audio
- Demand by major element
- Demand by minor element
- Rare earth demand in magnet applications by region
- Global mine supply by deposit type
- Rare earth production from mineral sand operations
- Global refined supply by region
- Global refined supply by element
- Global recycled supply by feedstock type
What's included
This report contains:
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