Commodity Market Report

Global rare earths strategic planning outlook - Q2 2023

Get this report*

$10,000

You can pay by card or invoice

For details on how your data is used and stored, see our Privacy Notice.
 

- FAQs about online orders
- Find out more about subscriptions

*Please note that this report only includes an Excel data file if this is indicated in "What's included" below

The rare earths industry continues to evolve under the energy transition, with growth in key demand drivers for renewable technologies encouraging the development of new supply and expansions at existing operations. Wood Mackenzie expects the neodymium market to remain in a constant state of relative market tightness, fluctuating between short periods of surplus and deficit equivalent to +/- 2% of demand. Forecast prices for rare earths show diverging trends depending on their exposure to the permanent magnet industry. Key magnet elements including neodymium, praseodymium, and their alloys having the strongest support from rapid and persistent demand growth from electric vehicles in particular. Non-magnet-related elements will remain subdued with a building oversupply and weak demand growth.

Table of contents

  • No table of contents specified

Tables and charts

No table or charts specified

What's included

This report contains:

  • Document

    Global Rare Earths Strategic Planning Outlook To 2050.pdf

    PDF 762.55 KB