Rare Earth Industry Research Report (with Introductions to 156 Related Enterprises) – Reference System

Rare earth elements comprise the 15 lanthanides plus scandium and yttrium—a total of 17 metallic elements. They are critical materials for upgrading traditional industries; for instance, adding small amounts of rare earth metals to steel or alloys can enhance material strength, thermal conductivity, and electrical conductivity. Due to their ability to combine with other materials to form novel materials with diverse properties and wide varieties, rare earths are dubbed 'industrial gold' and 'industrial vitamins.' Moreover, they are widely applied across modern industrial sectors including metallurgy, petrochemicals, optics, lasers, hydrogen storage, display panels, and magnetic materials. In emerging industries such as electronic information, semiconductor lighting, wind power generation, new-energy vehicles, and robotics, rare earths serve as the 'industrial seasoning'—an indispensable enabler for electronics, lasers, nuclear industry, superconductivity, and numerous other high-tech fields. With recent adjustments to China’s import-export policies, the long-dormant rare earth industry has officially embarked on a robust resurgence. Since June, the National Development and Reform Commission (NDRC) has repeatedly emphasized the need to further advance high-quality development in China’s rare earth industry. In this new era, rare earths—designated 'strategic resources'—have become irreplaceable key elements for transforming traditional industries, developing emerging industries, and advancing national defense science and technology. China possesses abundant rare earth resources and demonstrates significant industrial chain competitiveness. As the world’s largest rare earth producer, China ranks first globally in rare earth reserves—accounting for approximately one-third of the world’s total. Since 2014, the Ministry of Industry and Information Technology (MIIT) issued the 'Guidelines for Establishing Large-Scale Rare Earth Enterprise Groups,' prompting six major rare earth groups—Northern Rare Earth, China Minmetals Corporation, Aluminum Corporation of China (Chalco), Xiamen Tungsten Company, China Southern Rare Earth Group, and Guangdong Rare Earth Industry Group—to consolidate domestic rare earth mines and separation enterprises. These six groups now collectively control nearly the entire national production quota. Currently, the six groups operate with complementary specializations and coordinated development. China began mining and producing rare earths as early as the last century, and its export volume has long held prominent global competitiveness. Since 2001, China’s mine output has accounted for over 90% of global production; notably, in 2009, China produced 129,000 tons—97% of the world total. After 2010, China implemented regulatory reforms and consolidation in the rare earth sector, leading to a gradual decline in mine output. In 2016, global proven rare earth reserves stood at 120 million tons, of which China held 44 million tons—36.67%, ranking first worldwide. Public data indicate that global rare earth production reached approximately 190,000 tons in 2018, with China contributing 120,000 tons (63%), while Australia and the United States followed closely with 20,000 tons each. China maintains a complete rare earth production system, exhibiting clear technological advantages and exceptionally high efficiency in mining, beneficiation, smelting, and separation—resulting in globally competitive costs. Geographically, China’s rare earth resources exhibit an overall pattern of 'heavy in the south, light in the north.' China’s rare earth resource types are comprehensive and well-distributed: light rare earths dominate, primarily occurring in mineral forms—over 95% consist of mixed ores (bastnasite and monazite) and pure bastnasite ores; by contrast, medium-to-heavy rare earths—mainly found in ion-adsorption-type weathered crust elution deposits—constitute less than 5%. In terms of raw materials, China manufactures over 400 varieties and more than 1,000 specifications of rare earth oxides, compounds, and metals, satisfying both domestic and international market demands—and remains the world’s most cost-effective rare earth supplier.

China’s Rare Earth Industry: Key Application Areas and Future Outlook Report, 2023–2029

2.2.2 Global Rare Earth Demand Structure Analysis (1) Overall Global Rare Earth Demand Structure (2) Rare Earth Demand Structures by Major Country 2.2.3 Global Regional Rare Earth Consumption Analysis 2.3 Global Primary Downstream Applications of Rare Earths 2.3.1 Global Demand Analysis for Rare Earth Permanent Magnet Materials (1) Demand Analysis for Rare Earth Permanent Magnet Materials Driven by Global New-Energy Vehicle Development 1) Introduction to New-Energy Vehicles 2) Current Status of Global New-Energy Vehicle Development 3) Demand for and Forecast of Rare Earth Permanent Magnet Materials in New-Energy Vehicles (2) Demand Analysis for Rare Earth Permanent Magnet Materials Driven by Global Wind Power Development 1) Advantages of Wind Power Generation 2) Global Installed Wind Power Capacity and Forecasts 3) Demand for and Forecast of Rare Earth Permanent Magnet Materials in Wind Power Development 2.3.2 Global Demand Analysis for Rare Earth Hydrogen Storage Materials 2.3.3 Global Demand Analysis for Rare Earth Luminescent Materials 2.4 Operational Analysis of Overseas Rare Earth Industry Leaders 2.4.1 Lynas Operational Analysis (1) Corporate Profile (2) Rare Earth Business Overview (3) Investment and Expansion Strategy 2.4.2 GWMG Operational Analysis (1) Corporate Profile (2) Rare Earth Business Overview (3) Investment and Expansion Strategy Chapter 3: Current Status of China’s Rare Earth Industry Development 3.1 Overview of China’s Rare Earth Industry Development 3.1.1 Analysis of China’s Rare Earth Resource Characteristics 3.1.2 Current Status of China’s Rare Earth Industry Development 3.1.3 Key Challenges Facing China’s Rare Earth Industry 3.1.4 Strategic Approaches to Addressing These Challenges 3.2 Status of China’s Rare Earth Industry in 2023 3.2.1 Current Rare Earth Prices in China (2023) 3.2.2 Current Rare Earth Supply Situation in China (2023) 3.2.3 Current Profitability of China’s Rare Earth Industry (2023) 3.2.4 Current Rare Earth Export Situation in China (2023) 3.3 Analysis of China’s Rare Earth Supply 3.3.1 Analysis of Rare Earth Reserve Distribution 3.3.2 Analysis of Rare Earth Mine Output (1) Trends in China’s Rare Earth Mine Output (2) China’s Share of Global Rare Earth Mine Output 3.3.3 Current Status of Major Rare Earth Mine Exploitation and Utilization (1) Baotou Bayan Obo Mine (Inner Mongolia) (2) Liangshan Rare Earth Mine (Sichuan) (3) Weishan Lake Rare Earth Mine (Shandong) (4) Ion-Adsorption-Type Weathered Crust Elution Deposits in the Seven Southern Provinces 3.4 Analysis of China’s Rare Earth Consumption 3.4.1 Analysis of Rare Earth Consumption Scale 3.4.2 Analysis of Rare Earth Consumption Structure 3.5 Market Analysis of China’s Rare Earth Products 3.5.1 Supply-Demand Analysis of Rare Earth Products (1) Supply Analysis by Rare Earth Product Category (2) Demand Analysis by Rare Earth Product Category (3) Supply-Demand Balance for Key Rare Earth Products 3.5.2 Analysis of Rare Earth Product Price Trends (1) Trends in Rare Earth Metal Prices 1) Light Rare Earth Price Trends 2) Medium-to-Heavy Rare Earth Price Trends (2) Reasons for the Overall Upward Trend in Rare Earth Prices: Industrial Restructuring by the State 1) Markedly Increased Industry Concentration; Initial Formation of a 'Large-Group' Strategic Landscape 2) Further Optimization of Product Mix; Rising Share of High-Tech Content Products 3.6 Analysis of Rare Earth Product Import-Export Activities 3.6.1 Overall Status of Rare Earth Product Imports and Exports

Tronox, JXAM to Study Rare Earth Projects Using Mineral Sands Byproducts

Sep 29, 2026

Tronox and JX Advanced Metals signed an agreement to study feasibility of extracting rare earths from monazite byproducts of titanium mining in Australia and the US. The projects could produce up to 10,000 tonnes/year of rare earth oxides.

icis

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JX Metals Prices $1.6 Billion of Convertibles at Top of Range

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Tronox, JXAM to Study Rare Earth Projects Using Mineral Sands Byproducts

Tronox, JXAM to Study Rare Earth Projects Using Mineral Sands Byproducts

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