Global Market and Company Status for Rare Earth Elements 2022/2023
Rare Earth Elements (REE) refer to a group of 17 elements, including the lanthanide series from atomic numbers 57 to 71, as well as scandium (21) and yttrium (39). These elements possess unique magnetic, optical, and electrical properties, making them essential for a wide range of modern technologies, such as high-performance permanent magnets, catalysts, display panels, and advanced electronic devices.
https://en.wikipedia.org/wiki/Rare-earth_element
Despite their relative abundance in the Earth’s crust, economically viable reserves of rare earth elements are concentrated in a few regions globally. This concentration poses challenges in terms of supply security and geopolitical tensions. Furthermore, the extraction and refining processes for these elements are complex, expensive, and often associated with significant environmental impacts, including the generation of hazardous waste and potential radioactive contamination.
To address these challenges, research efforts are underway to develop more efficient and environmentally sustainable methods for extracting and processing rare earth elements. Additionally, efforts are being made to explore alternative materials and technologies that could potentially reduce the reliance on rare earths in certain applications.
However, given the unique properties and versatility of these elements, it is unlikely that their demand will diminish significantly in the foreseeable future.
For detailed information, please refer to the attached file.
※ This report is prepared for general information purposes based on data collected by CHEMiFORGE. If you have any questions or need to make a decision regarding the report, please consult with CMEMiFORGE.
