U.S. - Rare Earth Metals - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Apr 1, 2025

U.S. - Rare Earth Metals - Market Analysis, Forecast, Size, Trends And Insights

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Rare earth metal Price in United States - 2023

Contents:

  1. Price Forecast for Rare Earth Metals in the United States till 2025
  2. Rare earth metal Price in United States (CIF) - 2023
  3. Rare earth metal Price in United States (FOB) - 2023
  4. United States Rare earth metal Imports
  5. 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

COUNTRY2019202020212022CAGR,
2019-2022
Million USD
China5.66.610.816.543.4%
Russia1.32.05.90.3-38.7%
Hong Kong SAR1.0N/AN/AN/A0%
Others0.40.30.50.931.0%
Total8.38.817.317.728.7%

Top Suppliers of Rare earth metals to United States 2022:

  1. China (395.9 tons)
  2. Russia (3.6 tons)
  3. 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

COUNTRY2019202020212022CAGR,
2019-2022
Thousand USD
Austria84.6791232679100.2%
South Korea12791.382.027729.7%
Japan15638.8155122-7.9%
Mexico13180.0113108-6.2%
United Kingdom40535.897.285.0-40.6%
China23214216232.7-48.0%
Brazil30.782.94.723.5-8.5%
Canada35.611470.87.0-41.9%
Netherlands91.3219N/A6.0-59.6%
Others5171,07868368810.0%
Total1,8112,6731,6002,0283.8%

Top Export Markets for Rare earth metals from United States 2022:

  1. Austria (11.6 tons)
  2. Brazil (1.9 tons)
  3. Japan (1.8 tons)
  4. Mexico (1.6 tons)
  5. South Korea (1.2 tons)
  6. China (0.8 tons)
  7. United Kingdom (0.6 tons)
  8. Canada (0.2 tons)
  9. 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.

Source: IndexBox Market Intelligence Platform

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:

    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 2012–2024
      2. IMPORTS BY COUNTRY
      3. IMPORT PRICES BY COUNTRY
    9. 9. EXPORTS

      The Largest Destinations for Exports

      1. EXPORTS FROM 2012–2024
      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 2024
      2. Market Volume, In Physical Terms, 2012–2024
      3. Market Value, 2012–2024
      4. Per Capita Consumption In 2012-2024
      5. Imports, In Physical Terms, By Country, 2012–2024
      6. Imports, In Value Terms, By Country, 2012–2024
      7. Import Prices, By Country Of Origin, 2012–2024
      8. Exports, In Physical Terms, By Country, 2012–2024
      9. Exports, In Value Terms, By Country, 2012–2024
      10. Export Prices, By Country Of Destination, 2012–2024
    12. LIST OF FIGURES

      1. Market Volume, In Physical Terms, 2012–2024
      2. Market Value, 2012–2024
      3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
      4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
      5. Trade Balance, In Physical Terms, 2012-2024
      6. Trade Balance, In Value Terms, 2012-2024
      7. Per Capita Consumption, 2012-2024
      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, 2012–2024
      22. Production, In Value Terms, 2012–2024
      23. Imports, In Physical Terms, 2012–2024
      24. Imports, In Value Terms, 2012–2024
      25. Imports, In Physical Terms, By Country, 2024
      26. Imports, In Physical Terms, By Country, 2012–2024
      27. Imports, In Value Terms, By Country, 2012–2024
      28. Import Prices, By Country Of Origin, 2012–2024
      29. Exports, In Physical Terms, 2012–2024
      30. Exports, In Value Terms, 2012–2024
      31. Exports, In Physical Terms, By Country, 2024
      32. Exports, In Physical Terms, By Country, 2012–2024
      33. Exports, In Value Terms, By Country, 2012–2024
      34. Export Prices, By Country Of Destination, 2012–2024
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