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Rare Earths Mining and Processing Global Market Insights 2025, Analysis and Forecast to 2030, by Market Participants, Regions, Technology, Application, Product Type

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    Report

  • 88 Pages
  • March 2025
  • Region: Global
  • Prof Research
  • ID: 5911097
Description Jump to:
Rare Earths Mining and Processing involves the extraction and refinement of 17 rare earth elements (REEs), critical for advanced technologies like electric vehicles, wind turbines, and consumer electronics. These elements, split into Light Rare Earths (LREEs) and Heavy Rare Earths (HREEs), are abundant in the Earth’s crust (90 million tons in reserves) but challenging to mine economically due to low concentrations. In 2024, global production reached 390,000 tons of rare earth oxide (REO) equivalent, with China contributing 69%, followed by the U.S., Myanmar, and Australia.

On February 19, 2025, China began soliciting public feedback on new REE regulations to tighten domestic control over mining, smelting, and quotas, building on its 2023 export bans on rare earth magnet technologies. The industry is defined by its strategic importance, geopolitical tensions, and efforts to diversify supply chains amid rising demand for green and high-tech applications.

Market Size and Growth Forecast

The global Rare Earths Mining and Processing market is estimated at USD 12 billion to USD 14 billion in 2025, with a projected CAGR of 10% to 12% through 2030, potentially reaching USD 20 billion to USD 24 billion, driven by clean energy and tech growth.

Regional Analysis

  • North America: Expected at 8% to 10%, the U.S. focuses on reducing China dependency. Trends emphasize domestic mining and recycling.
  • Europe: Forecasted at 9% to 11%, Germany and France lead in tech applications. Trends highlight supply diversification.
  • Asia Pacific: Projected at 11% to 13%, China dominates, with Japan as a consumer. Trends focus on regulatory tightening and export controls.
  • South Ameica: Anticipated at 7% to 9%, Chile explores REE potential. Trends favor new mining projects.
  • Middle East and Africa: Expected at 6% to 8%, South Africa grows. Trends emphasize resource development.

Application Analysis

  • Automotive: Projected at 12% to 14%, driven by EV batteries. Trends focus on electrification.
  • Consumer Electronics: Expected at 10% to 12%, for smartphones and screens. Trends highlight miniaturization.
  • Industrial: Forecasted at 9% to 11%, in machinery. Trends emphasize efficiency.
  • Others (Wind Power, Aerospace, Medical): Anticipated at 8% to 10%, with diverse uses. Trends focus on sustainability.

Type Analysis

  • Light Rare Earths: Projected at 9% to 11%, abundant and widely used. Trends emphasize cost efficiency.
  • Heavy Rare Earths: Expected at 11% to 13%, scarce and critical for high-tech. Trends focus on supply security.

Key Market Players

  • MP Materials: A U.S. firm, it operates the Mountain Pass mine.
  • Lynas: An Australian leader, it processes REEs for global markets.
  • M2i GLOBAL: A U.S. entity, it focuses on supply chain solutions.
  • China Northern Rare Earth: A Chinese giant, it dominates production.
  • China Minmetals: A Chinese firm, it integrates mining and processing.
  • CHINALCO: A Chinese player, it expands REE capacity.
  • Xiamen Tungsten: A Chinese company, it specializes in downstream REEs.
  • Guangdong Rare Earth: A Chinese entity, it supports regional supply.
  • China Rare Earth Group: A Chinese conglomerate, it consolidates control.

Porter’s Five Forces Analysis

  • Threat of New Entrants: Low, due to high capital and regulatory barriers.
  • Threat of Substitutes: Moderate, with alternatives emerging but limited scalability.
  • Bargaining Power of Buyers: Moderate, as tech firms demand stable supply.
  • Bargaining Power of Suppliers: High, with China’s dominance.
  • Competitive Rivalry: Moderate-to-high, with geopolitical supply diversification efforts.

Market Opportunities and Challenges

Opportunities

  • Green Tech Demand: EVs and renewables boost REE needs.
  • Diversification Efforts: Non-China mining grows in the U.S. and Australia.
  • Recycling Potential: Secondary REE sources expand.
  • Policy Support: Incentives for sustainable mining rise.
  • Tech Innovation: New extraction methods lower costs.

Challenges

  • China’s Dominance: Export controls disrupt supply.
  • Environmental Costs: Mining pollution faces scrutiny.
  • High Capital Needs: Entry barriers limit new players.
  • Geopolitical Risks: Trade tensions affect stability.
  • Supply Scarcity: HREEs remain constrained.

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Table of Contents

Chapter 1 Executive SummaryChapter 2 Abbreviation and Acronyms
Chapter 3 Preface
3.1 Research Scope
3.2 Research Sources
3.2.1 Data Sources
3.2.2 Assumptions
3.3 Research Method
Chapter 4 Market Landscape
4.1 Market Overview
4.2 Classification/Types
4.3 Application/End Users
Chapter 5 Market Trend Analysis
5.1 Introduction
5.2 Drivers
5.3 Restraints
5.4 Opportunities
5.5 Threats
Chapter 6 Industry Chain Analysis
6.1 Upstream/Suppliers Analysis
6.2 Rare Earths Mining and Processing Analysis
6.2.1 Technology Analysis
6.2.2 Cost Analysis
6.2.3 Market Channel Analysis
6.3 Downstream Buyers/End Users
Chapter 7 Latest Market Dynamics
7.1 Latest News
7.2 Merger and Acquisition
7.3 Planned/Future Project
7.4 Policy Dynamics
Chapter 8 Historical and Forecast Rare Earths Mining and Processing Market in North America (2020-2030)
8.1 Rare Earths Mining and Processing Market Size
8.2 Rare Earths Mining and Processing Market by End Use
8.3 Competition by Players/Suppliers
8.4 Rare Earths Mining and Processing Market Size by Type
8.5 Key Countries Analysis
8.5.1 United States
8.5.2 Canada
8.5.3 Mexico
Chapter 9 Historical and Forecast Rare Earths Mining and Processing Market in South America (2020-2030)
9.1 Rare Earths Mining and Processing Market Size
9.2 Rare Earths Mining and Processing Market by End Use
9.3 Competition by Players/Suppliers
9.4 Rare Earths Mining and Processing Market Size by Type
9.5 Key Countries Analysis
9.5.1 Brazil
9.5.2 Argentina
9.5.3 Chile
9.5.4 Peru
Chapter 10 Historical and Forecast Rare Earths Mining and Processing Market in Asia & Pacific (2020-2030)
10.1 Rare Earths Mining and Processing Market Size
10.2 Rare Earths Mining and Processing Market by End Use
10.3 Competition by Players/Suppliers
10.4 Rare Earths Mining and Processing Market Size by Type
10.5 Key Countries Analysis
10.5.1 China
10.5.2 India
10.5.3 Japan
10.5.4 South Korea
10.5.5 Southeast Asia
10.5.6 Australia
Chapter 11 Historical and Forecast Rare Earths Mining and Processing Market in Europe (2020-2030)
11.1 Rare Earths Mining and Processing Market Size
11.2 Rare Earths Mining and Processing Market by End Use
11.3 Competition by Players/Suppliers
11.4 Rare Earths Mining and Processing Market Size by Type
11.5 Key Countries Analysis
11.5.1 Germany
11.5.2 France
11.5.3 United Kingdom
11.5.4 Italy
11.5.5 Spain
11.5.6 Belgium
11.5.7 Netherlands
11.5.8 Austria
11.5.9 Poland
11.5.10 Russia
Chapter 12 Historical and Forecast Rare Earths Mining and Processing Market in MEA (2020-2030)
12.1 Rare Earths Mining and Processing Market Size
12.2 Rare Earths Mining and Processing Market by End Use
12.3 Competition by Players/Suppliers
12.4 Rare Earths Mining and Processing Market Size by Type
12.5 Key Countries Analysis
12.5.1 Egypt
12.5.2 Israel
12.5.3 South Africa
12.5.4 Gulf Cooperation Council Countries
12.5.5 Turkey
Chapter 13 Summary For Global Rare Earths Mining and Processing Market (2020-2025)
13.1 Rare Earths Mining and Processing Market Size
13.2 Rare Earths Mining and Processing Market by End Use
13.3 Competition by Players/Suppliers
13.4 Rare Earths Mining and Processing Market Size by Type
Chapter 14 Global Rare Earths Mining and Processing Market Forecast (2025-2030)
14.1 Rare Earths Mining and Processing Market Size Forecast
14.2 Rare Earths Mining and Processing Application Forecast
14.3 Competition by Players/Suppliers
14.4 Rare Earths Mining and Processing Type Forecast
Chapter 15 Analysis of Global Key Vendors
15.1 MP Materials
15.1.1 Company Profile
15.1.2 Main Business and Rare Earths Mining and Processing Information
15.1.3 SWOT Analysis of MP Materials
15.1.4 MP Materials Rare Earths Mining and Processing Revenue, Gross Margin and Market Share (2020-2025)
15.2 Lynas
15.2.1 Company Profile
15.2.2 Main Business and Rare Earths Mining and Processing Information
15.2.3 SWOT Analysis of Lynas
15.2.4 Lynas Rare Earths Mining and Processing Revenue, Gross Margin and Market Share (2020-2025)
15.3 M2i GLOBAL
15.3.1 Company Profile
15.3.2 Main Business and Rare Earths Mining and Processing Information
15.3.3 SWOT Analysis of M2i GLOBAL
15.3.4 M2i GLOBAL Rare Earths Mining and Processing Revenue, Gross Margin and Market Share (2020-2025)
15.4 China Northern Rare Earth (Group)
15.4.1 Company Profile
15.4.2 Main Business and Rare Earths Mining and Processing Information
15.4.3 SWOT Analysis of China Northern Rare Earth (Group)
15.4.4 China Northern Rare Earth (Group) Rare Earths Mining and Processing Revenue, Gross Margin and Market Share (2020-2025)
15.5 China Minmetals Corporation
15.5.1 Company Profile
15.5.2 Main Business and Rare Earths Mining and Processing Information
15.5.3 SWOT Analysis of China Minmetals Corporation
15.5.4 China Minmetals Corporation Rare Earths Mining and Processing Revenue, Gross Margin and Market Share (2020-2025)
15.6 CHINALCO
15.6.1 Company Profile
15.6.2 Main Business and Rare Earths Mining and Processing Information
15.6.3 SWOT Analysis of CHINALCO
15.6.4 CHINALCO Rare Earths Mining and Processing Revenue, Gross Margin and Market Share (2020-2025)
15.7 Xiamen Tungsten
15.7.1 Company Profile
15.7.2 Main Business and Rare Earths Mining and Processing Information
15.7.3 SWOT Analysis of Xiamen Tungsten
15.7.4 Xiamen Tungsten Rare Earths Mining and Processing Revenue, Gross Margin and Market Share (2020-2025)
15.8 Guangdong Rare Earth Industry Group
15.8.1 Company Profile
15.8.2 Main Business and Rare Earths Mining and Processing Information
15.8.3 SWOT Analysis of Guangdong Rare Earth Industry Group
15.8.4 Guangdong Rare Earth Industry Group Rare Earths Mining and Processing Revenue, Gross Margin and Market Share (2020-2025)
15.9 China Rare Earth Group
15.9.1 Company Profile
15.9.2 Main Business and Rare Earths Mining and Processing Information
15.9.3 SWOT Analysis of China Rare Earth Group
15.9.4 China Rare Earth Group Rare Earths Mining and Processing Revenue, Gross Margin and Market Share (2020-2025)
List of Tables and Figures
Table Abbreviation and Acronyms
Table Research Scope of Rare Earths Mining and Processing Report
Table Data Sources of Rare Earths Mining and Processing Report
Table Major Assumptions of Rare Earths Mining and Processing Report
Figure Market Size Estimated Method
Figure Major Forecasting Factors
Figure Rare Earths Mining and Processing Picture
Table Rare Earths Mining and Processing Classification
Table Rare Earths Mining and Processing Applications
Table Drivers of Rare Earths Mining and Processing Market
Table Restraints of Rare Earths Mining and Processing Market
Table Opportunities of Rare Earths Mining and Processing Market
Table Threats of Rare Earths Mining and Processing Market
Table COVID-19 Impact For Rare Earths Mining and Processing Market
Table Raw Materials Suppliers
Table Different Production Methods of Rare Earths Mining and Processing
Table Cost Structure Analysis of Rare Earths Mining and Processing
Table Key End Users
Table Latest News of Rare Earths Mining and Processing Market
Table Merger and Acquisition
Table Planned/Future Project of Rare Earths Mining and Processing Market
Table Policy of Rare Earths Mining and Processing Market
Table 2020-2030 North America Rare Earths Mining and Processing Market Size
Figure 2020-2030 North America Rare Earths Mining and Processing Market Size and CAGR
Table 2020-2030 North America Rare Earths Mining and Processing Market Size by Application
Table 2020-2025 North America Rare Earths Mining and Processing Key Players Revenue
Table 2020-2025 North America Rare Earths Mining and Processing Key Players Market Share
Table 2020-2030 North America Rare Earths Mining and Processing Market Size by Type
Table 2020-2030 United States Rare Earths Mining and Processing Market Size
Table 2020-2030 Canada Rare Earths Mining and Processing Market Size
Table 2020-2030 Mexico Rare Earths Mining and Processing Market Size
Table 2020-2030 South America Rare Earths Mining and Processing Market Size
Figure 2020-2030 South America Rare Earths Mining and Processing Market Size and CAGR
Table 2020-2030 South America Rare Earths Mining and Processing Market Size by Application
Table 2020-2025 South America Rare Earths Mining and Processing Key Players Revenue
Table 2020-2025 South America Rare Earths Mining and Processing Key Players Market Share
Table 2020-2030 South America Rare Earths Mining and Processing Market Size by Type
Table 2020-2030 Brazil Rare Earths Mining and Processing Market Size
Table 2020-2030 Argentina Rare Earths Mining and Processing Market Size
Table 2020-2030 Chile Rare Earths Mining and Processing Market Size
Table 2020-2030 Peru Rare Earths Mining and Processing Market Size
Table 2020-2030 Asia & Pacific Rare Earths Mining and Processing Market Size
Figure 2020-2030 Asia & Pacific Rare Earths Mining and Processing Market Size and CAGR
Table 2020-2030 Asia & Pacific Rare Earths Mining and Processing Market Size by Application
Table 2020-2025 Asia & Pacific Rare Earths Mining and Processing Key Players Revenue
Table 2020-2025 Asia & Pacific Rare Earths Mining and Processing Key Players Market Share
Table 2020-2030 Asia & Pacific Rare Earths Mining and Processing Market Size by Type
Table 2020-2030 China Rare Earths Mining and Processing Market Size
Table 2020-2030 India Rare Earths Mining and Processing Market Size
Table 2020-2030 Japan Rare Earths Mining and Processing Market Size
Table 2020-2030 South Korea Rare Earths Mining and Processing Market Size
Table 2020-2030 Southeast Asia Rare Earths Mining and Processing Market Size
Table 2020-2030 Australia Rare Earths Mining and Processing Market Size
Table 2020-2030 Europe Rare Earths Mining and Processing Market Size
Figure 2020-2030 Europe Rare Earths Mining and Processing Market Size and CAGR
Table 2020-2030 Europe Rare Earths Mining and Processing Market Size by Application
Table 2020-2025 Europe Rare Earths Mining and Processing Key Players Revenue
Table 2020-2025 Europe Rare Earths Mining and Processing Key Players Market Share
Table 2020-2030 Europe Rare Earths Mining and Processing Market Size by Type
Table 2020-2030 Germany Rare Earths Mining and Processing Market Size
Table 2020-2030 France Rare Earths Mining and Processing Market Size
Table 2020-2030 United Kingdom Rare Earths Mining and Processing Market Size
Table 2020-2030 Italy Rare Earths Mining and Processing Market Size
Table 2020-2030 Spain Rare Earths Mining and Processing Market Size
Table 2020-2030 Belgium Rare Earths Mining and Processing Market Size
Table 2020-2030 Netherlands Rare Earths Mining and Processing Market Size
Table 2020-2030 Austria Rare Earths Mining and Processing Market Size
Table 2020-2030 Poland Rare Earths Mining and Processing Market Size
Table 2020-2030 Russia Rare Earths Mining and Processing Market Size
Table 2020-2030 MEA Rare Earths Mining and Processing Market Size
Figure 2020-2030 MEA Rare Earths Mining and Processing Market Size and CAGR
Table 2020-2030 MEA Rare Earths Mining and Processing Market Size by Application
Table 2020-2025 MEA Rare Earths Mining and Processing Key Players Revenue
Table 2020-2025 MEA Rare Earths Mining and Processing Key Players Market Share
Table 2020-2030 MEA Rare Earths Mining and Processing Market Size by Type
Table 2020-2030 Egypt Rare Earths Mining and Processing Market Size
Table 2020-2030 Israel Rare Earths Mining and Processing Market Size
Table 2020-2030 South Africa Rare Earths Mining and Processing Market Size
Table 2020-2030 Gulf Cooperation Council Countries Rare Earths Mining and Processing Market Size
Table 2020-2030 Turkey Rare Earths Mining and Processing Market Size
Table 2020-2025 Global Rare Earths Mining and Processing Market Size by Region
Table 2020-2025 Global Rare Earths Mining and Processing Market Size Share by Region
Table 2020-2025 Global Rare Earths Mining and Processing Market Size by Application
Table 2020-2025 Global Rare Earths Mining and Processing Market Share by Application
Table 2020-2025 Global Rare Earths Mining and Processing Key Vendors Revenue
Figure 2020-2025 Global Rare Earths Mining and Processing Market Size and Growth Rate
Table 2020-2025 Global Rare Earths Mining and Processing Key Vendors Market Share
Table 2020-2025 Global Rare Earths Mining and Processing Market Size by Type
Table 2020-2025 Global Rare Earths Mining and Processing Market Share by Type
Table 2025-2030 Global Rare Earths Mining and Processing Market Size by Region
Table 2025-2030 Global Rare Earths Mining and Processing Market Size Share by Region
Table 2025-2030 Global Rare Earths Mining and Processing Market Size by Application
Table 2025-2030 Global Rare Earths Mining and Processing Market Share by Application
Table 2025-2030 Global Rare Earths Mining and Processing Key Vendors Revenue
Figure 2025-2030 Global Rare Earths Mining and Processing Market Size and Growth Rate
Table 2025-2030 Global Rare Earths Mining and Processing Key Vendors Market Share
Table 2025-2030 Global Rare Earths Mining and Processing Market Size by Type
Table 2025-2030 Rare Earths Mining and Processing Global Market Share by Type

Companies Mentioned

  • MP Materials
  • Lynas
  • M2i GLOBAL
  • China Northern Rare Earth (Group)
  • China Minmetals Corporation
  • CHINALCO
  • Xiamen Tungsten
  • Guangdong Rare Earth Industry Group
  • China Rare Earth Group

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