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Global rare earth demand to hit 180,000 tons by 2015

Posted on 09 December 2011

Global demand for rare earths is forecasted to expand 7.1 percent per year to 180,000 metric tons in 2015. Meanwhile, sales are expected to more than triple from $3.0 billion in 2010 to $9.2 billion in 2015, according to a recent study by Reportlinker.
Consumption will be driven by increases in battery alloy, electronic product, motor vehicle and permanent magnet output. Market growth is expected to accelerate substantially from the 2005-2010 period, when demand in most nations was negatively impacted by sharp and unexpected reductions in Chinese export quotas which led to an exponential rise in rare earths prices………………………………………..Full Article: Source


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