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Rare earths demand to nearly triple in 10 years, renowned firm says

Summary by Mugglehead Magazine
The rare earth elements industry is expected to triple in size within the next 10 years, according to a new research report from an established firm. This rapid increase could make the supply shortage even worse than it has already become due to recent trade decisions made by China.
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2 Articles

Mugglehead MagazineMugglehead Magazine

Rare earths demand to nearly triple in 10 years, renowned firm says

The rare earth elements industry is expected to triple in size within the next 10 years, according to a new research report from an established firm. This rapid increase could make the supply shortage even worse than it has already become due to recent trade decisions made by China.

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MINING.comMINING.com

Demand for magnetic REEs to triple by 2035: McKinsey

Global demand for magnetic REEs is expected to triple from 59,000 tons in 2022 to 176,000 tons in 2035, the firm estimates.

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MINING.com broke the news in on Sunday, July 27, 2025.
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