Raw Materials Supply Shortage Looms Over the Future Growth of Rare Earth Based Magnets

Noida, India (PressExposure) July 18, 2011 -- Rare earth based magnets represent the world's strongest permanent magnets. These magnets enable a higher efficiency and motor power, and at the same time significantly reduce the size and weight of the components. IMARC Group, one of the world's leading research and advisory firms, expects the current and future demand of these magnets in hard drives, wind power, hybrid vehicles, dynamos, breaks, cordless tools, flashlights, etc to increase exponentially in the coming years. The projections from the report suggest that the share of magnets in the global rare earth elements consumption will increase from 21% in 2010 to nearly 26% by 2015.

A major finding from the report, however, suggests that three elements i.e. neodymium, terbium and dysprosium that act as raw materials in the production of these magnets will face a critical supply shortage in the coming years. This is expected to significantly increase the price of these magnets and even jeopardize the growth of the entire Industry.

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

Evaluating the Demand of Rare Earth Elements in Various Industries

Focus of the analysis:

• Quantifying the current and future size of each Industry

• Quantifying the current and future demands of rare earth elements in each industry

• Identification of industries having the highest demand of 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), +44-844-774-9660 (Europe), +1-631-791-1145 (America)

email: sales@imarcgroup.com

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

About IMARC

For more than 5 years, the International Market Analysis Research and Consulting Group has been a leading advisor on management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

Press Release Source: http://PressExposure.com/PR/IMARC.html

Press Release Submitted On: July 18, 2011 at 5:17 am
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