Erbium, Dysprosium, Terbium, Neodymium And Europium To Be In Short Supply, Finds IMARC Group

Top Quote Despite worldwide efforts to reduce the consumption of rare earth elements, IMARC Group expects strategies like substitution and recycling to have a little effect on their demand and dependability in the short term. End Quote
  • (1888PressRelease) October 04, 2011 - Rare earth metals currently represent essential elements for various clean technology and hi-tech industries such as wind energy, hybrid cars, display, energy efficient lighting, etc. China currently has a monopoly over the global rare earth market as it accounts for over 97% of the total global production. As a result of an exponential increase in both global as well as its own domestic rare earth demand, China, in recent years, has been reducing the export of these elements. This has resulted in a global shortfall and an exponential increase in rare earth prices.

    As a result of the shortfall and rising rare earth prices, companies have started developing alternatives or ways to reduce the consumption of these elements. In August 2011, GE announced the development of wind-turbine generators that are expected to reduce the dependence on rare earth based permanent magnets. W.R. Grace & Co. this year began selling an oil-refining catalyst with reduced lanthanum. Toyota, Asia's biggest automaker, has recently announced that some of their hybrid vehicles will be built with an induction motor that doesn't use rare-earth magnets.

    Despite a world wide effort to reduce the consumption of rare earth elements, IMARC Group, one of the world's leading research and advisory firms, expects strategies like substitution and recycling to have a little effect on their demand and dependability in the short term. In its latest report entitled "The Global Rare Earth Elements Market 2011-2015: Is the Hype Justified", the firm expects rare earth elements such as Erbium, Dysprosium, Terbium, Neodymium and Europium to face a supply crunch in the coming years. The study that has been undertaken using both desk-based as well as qualitative primary research has analyzed various aspects of the rare earth elements market.

    Key Aspects Analyzed in this Report:

    Understanding the Mining Economics of Rare Earth Elements:
    Focus of the Analysis:
    Rare earth mine valuation
    Stages and time taken to develop and start production at a rare earth mine
    The total costs involved in rare earth mining
    Mining and downstream processing of rare earth elements
    Rare earth element pricing

    Understanding China's Role in the Global Rare Earth Elements Market:
    Focus of the Analysis:
    China's role in the global supply and demand of rare earth elements
    Reasons for China's dominance
    China's current and future supply strategies

    Comprehensive Situation Analysis of the Global Rare Earth Elements Market:
    Focus of the analysis:
    Quantifying the historical sales and production of rare earth elements
    Identification and evaluation of current global rare earth mines
    Identification and evaluation of mines expected to begin production in the next five years
    Current and future consumption of rare earth elements

    Evaluating the Supply and Demand of Various Rare Earth Elements:
    Focus of the analysis:
    Quantifying the production of each element from current and future mines
    Quantifying the current and future demand of each element
    Historical, current and future prices of each element
    Evaluating the supply risks of each element and its importance for clean technology
    Identification of critically undersupplied and oversupplied rare earth elements

    Information Sources:
    Information has been sourced from both primary and secondary sources:
    Primary sources include industry surveys and face to face/telephone interviews with industry experts.
    Secondary sources include proprietary databases and search engines. These sources include company websites and reports, books, trade journals, magazines, white papers, industry portals, government sources and access to more than 4000 paid databases.

    Table of contents:
    1. Research Methodology & Market Definitions
    2. Executive Summary
    3. What are Rare Earth Elements?
    4. Rare Earth Elements: Are They Really Rare?
    4.1 Reserve & Reserve Base Estimates
    4.2 How Long will they Last?
    5. Rare Earth Elements: Mining Economics
    5.1 Mine Valuation: Grades & Composition are Key
    5.2 Development of a New Project: Can Take Several Years
    5.3 Rare Earth Mining Costs: Largely Location and Grade Dependent
    5.3.1 Infrastructure & Capital Costs
    5.3.2 Operating Costs
    5.4 Mining & Processing
    5.4.1 Mining
    5.4.2 Downstream Processing
    5.5 Prices: Have Risen Several Fold in Recent Years
    5.5.1 Factors Affecting Rare Earth Element Prices
    5.5.2 Historical Prices
    5.5.3 Pricing Forecast
    6. China's Role in the Global Rare Earth Elements Market
    6.1 China Has a Monopoly Over Rare Earth Elements
    6.2 Mining Costs in China Are Significantly Lower Than Other Rare Earth Producers
    6.3 Miners Have Benefitted from the Lack of Proper Working Standards and Environmental Regulations
    6.4 China Has a Significantly Higher In-house Expertise Compared to Other Rare Earth Producers
    6.5 China is Decreasing Export Quotas as its Own Domestic Demand is Expected to Outstrip Supply
    6.6 China Aims to Become an Exporter of Higher Value Goods
    7. The Global Rare Earth Elements Market
    7.1 Total Sales & Production of Rare Earth Elements
    7.2 Production of Rare Earth Elements by Region
    7.2.1 Current Operational Mines
    7.2.1.1 Bayan Obo, China
    7.2.1.2 Longnan, China
    7.2.1.3 Xunwu, China
    7.2.1.4 India
    7.2.1.5 Eastern Coast, Brazil
    7.2.1.6 Lahat, Malaysia
    7.2.2 Potential New Projects
    7.2.2.1 Mt. Weld, Australia
    7.2.2.2 Mountain Pass, United States
    7.2.2.3 Nolans, Australia
    7.2.2.4 Steenkampskraal, South Africa
    7.2.2.5 Nechalacho, Canada
    7.2.2.6 Kvanefjeld, Greenland
    7.2.2.7 Dong Pao, Vietnam
    7.2.2.8 Dubbo Zirconia, Australia
    7.3 Consumption of Rare Earth Elements by Region
    7.3.1 China
    7.3.2 Japan & Northeast Asia
    7.3.3 US
    8. Supply & Demand of Individual Rare Earth Elements
    8.1 Elements that will Face Supply Shortages in the Near Future
    8.1.1 Terbium
    8.1.1.1 Element Overview & Supply Risks
    8.1.1.2 Supply & Demand
    8.1.2 Dysprosium
    8.1.2.1 Element Overview & Supply Risks
    8.1.2.2 Supply & Demand
    8.1.3 Neodymium
    8.1.3.1 Element Overview & Supply Risks
    8.1.3.2 Supply & Demand
    8.1.4 Europium
    8.1.4.1 Element Overview & Supply Risks
    8.1.4.2 Supply & Demand
    8.2 Elements That Will Be Oversupplied in the Near Future
    8.2.1 Yttrium
    8.2.1.1 Element Overview & Supply Risks
    8.2.1.2 Supply & Demand
    8.2.2 Lanthanum
    8.2.2.1 Element Overview & Supply Risks
    8.2.2.2 Supply & Demand
    8.2.3 Cerium
    8.2.3.1 Element Overview & Supply Risks
    8.2.3.2 Supply & Demand
    8.2.4 Praseodymium
    8.2.4.1 Element Overview & Supply Risks
    8.2.4.2 Supply & Demand
    8.2.5 Samarium
    8.2.5.1 Element Overview & Supply Risks
    8.2.5.2 Supply & Demand
    9. Market by Application (2010-2015)
    9.1 Magnets
    9.2 NiMH Batteries
    9.3 Auto Catalysts
    9.4 Diesel Engines
    9.5 Fluid Cracking Catalysts (FCC)
    9.6 Phosphers
    9.7 Glass
    9.8 Polishing Powders
    9.9 Other Applications
    10. Overcoming the Potential shortfalls in Supply
    10.1 Stockpiling
    10.2 Recycling
    10.3 Substitution
    10.4 Material Shortfall Strategies by Various Rare Earth Consumers
    11. Key Player Profiles
    11.1 Lynas Corporation
    11.2 Molycorp Minerals
    11.3 Arafura Resources Ltd
    11.4 Great Western Minerals Group Ltd
    11.5 Avalon Rare Metals Inc
    11.6 Greenland Minerals & Energy Ltd
    11.7 Alkane Resources Ltd

    To buy the complete report or to get a free sample:

    Call: +91-120-425-6531 (Asia), +44-844-774-3860 (Europe), +1-631-791-1145 (America)

    email: sales ( @ ) imarcgroup dot com

    To know more please visit: http://www.imarcgroup.com/the-global-rare-earth-elements-market-2011-2015-is-the-hype-justified/

    For more information, visit: http://www.imarcgroup.com

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