U.S. - Rare Earth Metals - Market Analysis, Forecast, Size, Trends And Insights
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View PricingRare earth metal Price in United States - 2023
Contents:
- Price Forecast for Rare Earth Metals in the United States till 2025
- Rare earth metal Price in United States (CIF) - 2023
- Rare earth metal Price in United States (FOB) - 2023
- United States Rare earth metal Imports
- United States Rare earth metal Exports
Price Forecast for Rare Earth Metals in the United States till 2025
Rare earth metal Price in United States (CIF) - 2023
The average rare earth metal import price stood at $34.1 per kg in March 2023, rising by 47% against the previous month. In general, the import price, however, saw a abrupt decrease. The most prominent rate of growth was recorded in May 2022 when the average import price increased by 370% against the previous month. Over the period under review, average import prices attained the peak figure at $128 per kg in October 2022; however, from November 2022 to March 2023, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for China.
From March 2022 to March 2023, the rate of growth in terms of prices for China amounted to -9.8% per month.
Rare earth metal Price in United States (FOB) - 2023
In March 2023, the average rare earth metal export price amounted to $176 per kg, with an increase of 151% against the previous month. Over the period under review, the export price continues to indicate a remarkable increase. The pace of growth was the most pronounced in April 2022 an increase of 1,945% month-to-month. As a result, the export price reached the peak level of $1.4M per ton. From May 2022 to March 2023, the the average export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Portugal ($4.0K per kg), while the average price for exports to the Czech Republic ($39.0 per kg) was amongst the lowest.
From March 2022 to March 2023, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+36.0%), while the prices for the other major destinations experienced more modest paces of growth.
United States Rare earth metal Imports
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
|---|---|---|---|---|---|
| Million USD | |||||
| China | 5.6 | 6.6 | 10.8 | 16.5 | 43.4% |
| Russia | 1.3 | 2.0 | 5.9 | 0.3 | -38.7% |
| Hong Kong SAR | 1.0 | N/A | N/A | N/A | 0% |
| Others | 0.4 | 0.3 | 0.5 | 0.9 | 31.0% |
| Total | 8.3 | 8.8 | 17.3 | 17.7 | 28.7% |
Top Suppliers of Rare earth metals to United States 2022:
- China (395.9 tons)
- Russia (3.6 tons)
- Hong Kong SAR (0.2 tons)
Rare earth metal imports into the United States contracted remarkably to 406 tons in 2022, dropping by -16.5% compared with 2021 figures. Over the period under review, imports recorded a drastic downturn. The growth pace was the most rapid in 2021 with an increase of 61% against the previous year. Over the period under review, imports attained the peak figure at 519 tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, rare earth metal imports totaled $18M in 2022. In general, imports, however, enjoyed a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 95%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
United States Rare earth metal Exports
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
|---|---|---|---|---|---|
| Thousand USD | |||||
| Austria | 84.6 | 791 | 232 | 679 | 100.2% |
| South Korea | 127 | 91.3 | 82.0 | 277 | 29.7% |
| Japan | 156 | 38.8 | 155 | 122 | -7.9% |
| Mexico | 131 | 80.0 | 113 | 108 | -6.2% |
| United Kingdom | 405 | 35.8 | 97.2 | 85.0 | -40.6% |
| China | 232 | 142 | 162 | 32.7 | -48.0% |
| Brazil | 30.7 | 82.9 | 4.7 | 23.5 | -8.5% |
| Canada | 35.6 | 114 | 70.8 | 7.0 | -41.9% |
| Netherlands | 91.3 | 219 | N/A | 6.0 | -59.6% |
| Others | 517 | 1,078 | 683 | 688 | 10.0% |
| Total | 1,811 | 2,673 | 1,600 | 2,028 | 3.8% |
Top Export Markets for Rare earth metals from United States 2022:
- Austria (11.6 tons)
- Brazil (1.9 tons)
- Japan (1.8 tons)
- Mexico (1.6 tons)
- South Korea (1.2 tons)
- China (0.8 tons)
- United Kingdom (0.6 tons)
- Canada (0.2 tons)
- Netherlands (0.1 tons)
Rare earth metal exports from the United States reached 22 tons in 2022, increasing by 9.6% against the year before. Overall, exports, however, continue to indicate a abrupt shrinkage. The exports peaked at 34 tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.
In value terms, rare earth metal exports surged to $2M in 2022. Over the period under review, total exports indicated noticeable growth from 2019 to 2022: its value increased at an average annual rate of +3.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -24.1% against 2020 indices. The pace of growth was the most pronounced in 2020 when exports increased by 48%. As a result, the exports reached the peak of $2.7M. From 2021 to 2022, the growth of the exports remained at a lower figure.
This report provides an in-depth analysis of the rare earth metal market in the U.S.. 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:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- 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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2024
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption In 2012-2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
- Trade Balance, In Physical Terms, 2012-2024
- Trade Balance, In Value Terms, 2012-2024
- Per Capita Consumption, 2012-2024
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2024
- Production, In Value Terms, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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Explore how Trump's strategies could impact the critical minerals sector, affecting global supply chains and boosting North American production capabilities.
136
USA Rare Earth successfully produces 99.1 wt.% pure dysprosium oxide, signaling a major step in American rare earth manufacturing capabilities.
240
Alta Resource Technologies raises $5.1 million to innovate rare earth element extraction, leveraging biochemistry for sustainable, efficient mineral recovery.
780
In value terms, rare earth metal imports surged to $1.6M in March 2023
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Learn about the projected growth of the rare earth metals market over the next six years, driven by increasing global demand. Market volume is expected to reach 311K tons by 2030, with a market value of $9.2B.
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Canada encourages G-7 discussions on critical mineral pricing to address China's market dominance, focusing on fair trade standards and sustainable sourcing.
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BMW and Yamaha strategically invest in Phoenix Tailings, enhancing rare earth production in the U.S. to diversify supply chains and lessen reliance on China.
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Aclara Resources raises $25 million through private placement to enhance the Carina project in Brazil, strengthening its rare earths operations.
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The global demand for rare earths is continuing to increase. Countries remain reliant on China, which currently provides approx. 55% of global rare earth production of 252K tons. Future projects to develop mining facilities in Russia, the U.S., Japan and Australia may yet weaken China's leading market hold. The rare earth mineral market is to accelerate on robustly increasing demand from the microelectronics, electric vehicle, wind power and high-tech industries.
