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China - Rare Earth Metals - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Nov 1, 2024

China - Rare Earth Metals - Market Analysis, Forecast, Size, Trends And Insights

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Dec 12, 2023

Exploring China's Dominance in the Rare Earth Metal Industry

China's role in the rare earth metal industry is substantial and its impact on global production is profound. Rare earth metals, a group of 17 elements, are crucial for the manufacture of a vast array of high-tech products, from smartphones to electric vehicles (EVs), and even military equipment. This article sheds light on China's influence in this strategic market, the best-selling products within the industry, and the far-reaching implications for international trade and the burgeoning EV market.

Strategic Importance in High-Tech Industries

Rare earth elements are integral to the fabric of modern technology. They are used in powerful magnets found in wind turbines and electric motors; in batteries, particularly for EVs; as catalysts in the petrochemical industry; in the production of luminescent materials in LEDs and screens; and critically, in semiconductors, which form the backbone of all advanced electronics.

Among the most sought-after rare earth metals are neodymium and dysprosium, primarily used in high-strength magnets, and yttrium, used in various alloys and in the screens of electronic devices. Lanthanum and cerium, common in catalytic applications, also witness robust demand in global markets.

The criticality of rare earth metals in high-tech industries cannot be overstated. Semiconductors, vital for electronic devices, depend on these elements for their operation. The strategic importance of rare earths is further heightened in the context of EVs, a market experiencing explosive growth. The unique properties of rare earth elements enable the production of lightweight, efficient, and powerful batteries and motors, key to the success of the EV industry.

As the EV market continues to expand, the demand for rare earth metals is expected to surge. This rise in demand places China in a strong negotiating position given its production capabilities and undermines the efforts of other nations to develop self-sustaining supply chains.

China's Hegemony in Global Production

According to the provided data from IndexBox, China produced a staggering 138K tons of rare earth metals in the year 2022, and its consumption volume within the country stood at 118K tons in the same year. This production powerhouse holds a majority share in global production, positioning it as a linchpin in the supply chain of these valuable resources.

Outside of China, countries like Australia and the United States also contribute significantly to global production, though none come close to matching China's output. However, these nations are actively seeking ways to boost their production capabilities to reduce reliance on Chinese exports and to mitigate the risks associated with the concentration of supply.

Rare Earth Metals in Trade Wars

The strategic significance of rare earth metals is magnified in scenarios like trade wars. In disputes such as that between China and the United States, control over these materials becomes a powerful bargaining chip. Trade restrictions can have far-reaching consequences, potentially jeopardizing entire sectors that depend on these elements. Securing a stable supply of rare earth metals is essential for maintaining and advancing a nation's semiconductor capabilities and, by extension, its economic and military power.

Strategic Trade Patterns and Influential Pricing

China's export dynamics in the rare earth industry have witnessed changes over the past year, mainly dictated by global demand patterns, the country's production capacity, and international relations. The firm hold of China on this market allows for a strong influence over prices and the availability of these critical resources on the global stage.

In 2022, China maintained its dominance in the rare earths supply chain. Despite this, there was a slight decline inexports. This reduction is notable as China'srare earths are critical for various industries worldwide, and any fluctuationin its export patterns can have significant global impacts.

As of 2022, the data from IndexBox reveals that China exported 20K tons with a value of $393.3 million. These restrictions contribute to the fluctuating export prices, which in 2022 averaged at $19.6 per kilogram.

Japan seems to be the largest recipient of these exports, receiving a significant share worth $360.4 million in 2022. Following Japan are the United States, South Korea, the Netherlands, and the United Kingdom, with export values recorded at $7.5 million, $5.5 million, $3.8 million, and $2.9 million respectively.

In conclusion, China's dominance in the rare earth metals industry presents a strategic advantage that resonates across high-tech industries and the evolving electric vehicle market. Understanding the dynamics of this market is key to appreciating the geopolitical and economic moves made by major players in the global arena. As the data from IndexBox illustrates, the interplay between production, consumption, and exports from China is a pivotal factor governing the availability and price of these indispensable materials.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the rare earth metal market in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

    Country coverage:

    Data coverage:

    • Market volume and value
    • Per Capita consumption
    • Forecast of the market dynamics in the medium term
    • Trade (exports and imports) in China
    • Export and import prices
    • Market trends, drivers and restraints
    • Key market players and their profiles

    Reasons to buy this report:

    • Take advantage of the latest data
    • Find deeper insights into current market developments
    • Discover vital success factors affecting the market

    This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

    In this report, you can find information that helps you to make informed decisions on the following issues:

    1. How to diversify your business and benefit from new market opportunities
    2. How to load your idle production capacity
    3. How to boost your sales on overseas markets
    4. How to increase your profit margins
    5. How to make your supply chain more sustainable
    6. How to reduce your production and supply chain costs
    7. How to outsource production to other countries
    8. How to prepare your business for global expansion

    While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

    1. 1. INTRODUCTION

      Making Data-Driven Decisions to Grow Your Business

      1. REPORT DESCRIPTION
      2. RESEARCH METHODOLOGY AND AI PLATFORM
      3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
      4. GLOSSARY AND SPECIFIC TERMS

    2. 2. EXECUTIVE SUMMARY

      A Quick Overview of Market Performance

      1. KEY FINDINGS
      2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

    3. 3. MARKET OVERVIEW

      Understanding the Current State of The Market and Its Prospects

      1. MARKET SIZE
      2. MARKET STRUCTURE
      3. TRADE BALANCE
      4. PER CAPITA CONSUMPTION
      5. MARKET FORECAST TO 2030

    4. 4. MOST PROMISING PRODUCT

      Finding New Products to Diversify Your Business

      This Chapter is Available Only for the Professional Edition PRO
      1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
      2. BEST-SELLING PRODUCTS
      3. MOST CONSUMED PRODUCT
      4. MOST TRADED PRODUCT
      5. MOST PROFITABLE PRODUCT FOR EXPORT

    5. 5. MOST PROMISING SUPPLYING COUNTRIES

      Choosing the Best Countries to Establish Your Sustainable Supply Chain

      This Chapter is Available Only for the Professional Edition PRO
      1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
      2. TOP PRODUCING COUNTRIES
      3. TOP EXPORTING COUNTRIES
      4. LOW-COST EXPORTING COUNTRIES

    6. 6. MOST PROMISING OVERSEAS MARKETS

      Choosing the Best Countries to Boost Your Exports

      This Chapter is Available Only for the Professional Edition PRO
      1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
      2. TOP CONSUMING MARKETS
      3. UNSATURATED MARKETS
      4. TOP IMPORTING MARKETS
      5. MOST PROFITABLE MARKETS

    7. 7. PRODUCTION

      The Latest Trends and Insights into The Industry

      1. PRODUCTION VOLUME AND VALUE

    8. 8. IMPORTS

      The Largest Import Supplying Countries

      1. IMPORTS FROM 2012–2023
      2. IMPORTS BY COUNTRY
      3. IMPORT PRICES BY COUNTRY

    9. 9. EXPORTS

      The Largest Destinations for Exports

      1. EXPORTS FROM 2012–2023
      2. EXPORTS BY COUNTRY
      3. EXPORT PRICES BY COUNTRY

    10. 10. PROFILES OF MAJOR PRODUCERS

      The Largest Producers on The Market and Their Profiles

      This Chapter is Available Only for the Professional Edition PRO

    11. LIST OF TABLES

      1. Key Findings In 2023
      2. Market Volume, In Physical Terms, 2012–2023
      3. Market Value, 2012–2023
      4. Per Capita Consumption In 2012-2023
      5. Imports, In Physical Terms, By Country, 2012–2023
      6. Imports, In Value Terms, By Country, 2012–2023
      7. Import Prices, By Country Of Origin, 2012–2023
      8. Exports, In Physical Terms, By Country, 2012–2023
      9. Exports, In Value Terms, By Country, 2012–2023
      10. Export Prices, By Country Of Destination, 2012–2023

    12. LIST OF FIGURES

      1. Market Volume, In Physical Terms, 2012–2023
      2. Market Value, 2012–2023
      3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
      4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
      5. Trade Balance, In Physical Terms, 2012-2023
      6. Trade Balance, In Value Terms, 2012-2023
      7. Per Capita Consumption, 2012-2023
      8. Market Volume Forecast to 2030
      9. Market Value Forecast to 2030
      10. Products: Market Size And Growth, By Type
      11. Products: Average Per Capita Consumption, By Type
      12. Products: Exports And Growth, By Type
      13. Products: Export Prices And Growth, By Type
      14. Production Volume And Growth
      15. Exports And Growth
      16. Export Prices And Growth
      17. Market Size And Growth
      18. Per Capita Consumption
      19. Imports And Growth
      20. Import Prices
      21. Production, In Physical Terms, 2012–2023
      22. Production, In Value Terms, 2012–2023
      23. Imports, In Physical Terms, 2012–2023
      24. Imports, In Value Terms, 2012–2023
      25. Imports, In Physical Terms, By Country, 2023
      26. Imports, In Physical Terms, By Country, 2012–2023
      27. Imports, In Value Terms, By Country, 2012–2023
      28. Import Prices, By Country Of Origin, 2012–2023
      29. Exports, In Physical Terms, 2012–2023
      30. Exports, In Value Terms, 2012–2023
      31. Exports, In Physical Terms, By Country, 2023
      32. Exports, In Physical Terms, By Country, 2012–2023
      33. Exports, In Value Terms, By Country, 2012–2023
      34. Export Prices, By Country Of Destination, 2012–2023

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