Lynas Corporation Ltd (Lynas Corporation) and Arafura Resources Ltd (Arafura) are the Major Players in the Rare-Earth Metals Market
The Rare-Earth Metals Market is projected to grow from USD 5.3 billion in 2021 to USD 9.6 billion by 2026, at a CAGR of 12.33% during the forecast period.
Browse 99
market data Tables and 43 Figures spread through 156 Pages and
in-depth TOC on "Rare-Earth
Metals Market by (Lanthanum, Cerium, Neodymium, Praseodymium, Samarium,
Europium, & Others), and Application (Permanent Magnets, Metals Alloys,
Polishing, Additives, Catalysts, Phosphors), Region – Global Forecast to
2026"
The rare-earth metals market is
dominated by major players such as Lynas Corporation (Australia), Alkane
Resources ltd (Australia), Arafura Resources Ltd (Australia), China Minmetals
Rare Earth Co Ltd (China), Avalon Advanced Materials, Inc (Canada), Iluka
Resource Ltd (Australia), Canada Rare Earth Corporation (Canada). These
players have adopted growth strategies, such as joint ventures and contracts to
further expand their presence in the global rare-earth metals market.
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Lynas Corporation Ltd (Lynas Corporation)
is a minerals explorer. The company offers rare earth oxides from mines. Its
rare earths are a group of chemical elements with unique magnetic, luminescent,
and electrochemical properties. Lynas Corporation’s rare earth elements
includes europium, lutetium, lanthanum, samarium, scandium, yttrium, lanthanum,
cerium, praseodymium, neodymium, dysprosium, lutetium, among others. Its
products find application across aerospace, metal alloys, batteries, fibre
optic technology, solar panel, lasers and glass colourant sectors. The company
operates in Malaysia and Australia. Lynas Corporation is headquartered in East
Perth West Australia, Australia.
Arafura Resources Ltd (Arafura) is a
rare-earth metals mining and exploration company. It is involved in exploration
and development of various mineral sources including rare earths, phosphate,
uranium, iron, vanadium and gold. It primarily focuses on Nolans Rare Earths
project, which includes a proposed rare earths mine and processing operation
near Aileron, in Central Australia. The company also owns other exploration
projects including the Aileron-Reynolds project. Its rare-earth products are
used in magnetic, optical, catalytic and electronic applications in key growth
sectors, such as automotive technology, clean energy technology, and consumer
electronics. These are also used in oil refining, healthcare, lighting,
robotics, industrial, and aerospace sectors. Arafura is headquartered in Perth,
Australia.
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