EPRS Admin By / July 18, 2013

Rare Earth Elements global supply and demand, 2005-2015

Rare Earth Elements global supply and demand, 2005-2015

Rare Earth Elements global supply and demand, 2005-2015

China’s policy has driven up global prices and sparked international concerns about supply shortages in coming years. China is refocusing its priority from supplying the world, to meeting demand from its own domestic industries. By 2015, global consumption of REEs is forecast to increase by 65% from current levels, driven by expanding markets for many applications that rely on REEs. As a result, the world needs new suppliers of REEs to meet that growing demand.


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