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

April 2025 | 88 pages | ID: RB149BDEDB97EN
Prof Research

Abstracts

Rare Earths Mining and Processing Market Summary

Introduction

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.

Contents

CHAPTER 1 EXECUTIVE SUMMARY

CHAPTER 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 Four 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 Southest 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)
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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