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Supply Shortage of Raw Materials Threatening the Growth of the Global Rare Earth Magnets Industry
Supply Shortage of Raw Materials Threatening the Growth of the Global Rare Earth Magnets Industry
A new study expects a robust growth in the future demand of rare earth based magnets. A supply shortage of essential raw materials, however, may endanger the growth of this entire industry.
Noida,
Uttar pardesh,
India
(prbd.net)
17/04/2012
IMARC Group has recently released a new study suggesting that a supply shortage of key raw materials may jeopardize the growth of the entire rare earth based magnets industry. According to the report entitled “The Global Rare Earth Elements Market 2011-2015: Is the Hype Justified?” - Magnets made up of rare earth elements represent the world's most powerful permanent magnets. These magnets ensure a higher efficiency and motor power, and at the same time significantly reduce the size and weight of the components. The study expects that 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 study suggest that the share of magnets in the global rare earth elements consumption will increase to nearly 26% by 2015.
A major finding from the study, however, expects that three elements i.e. neodymium, terbium and dysprosium that act as key 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 endanger the growth of the entire Industry.
IMARC’s new report entitled “The Global Rare Earth Elements Market 2011-2015: Is the Hype Justified?” provides an analytical and statistical insight into the global rare earth elements market. The study that has been undertaken using both desk-based as well as qualitative primary research has analyzed five aspects of the rare earth elements market.
Key Aspects Analyzed:
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.
To buy the complete report or to get a free sample, please contact:
IMARC Group Asia
Email: apac@imarcgroup.com
Phone: +91-120-425-6531
IMARC Group North America
Email: america@imarcgroup.com
Phone: +1-631-791-1145
To know more please visit: http://www.imarcgroup.com/the-global-rare-earth-elements-market-2011-2015-is-the-hype-justified/
About
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.
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