Noncommunist World Markets For Rare Earth Minerals - Introduction

Rare earths markets by definition usually include not only the rare earth elements, but also yttrium. They can be subdivided into a very large light rare earth fraction (about 95 percent by weight of all rare earths consumed) consisting mainly of cerium and lanthanum and a smaller fraction (with much higher unit value) consisting of selected high-purity oxides or elements such as yttrium, europium, samarium, or neodymium. CRA estimates that the noncomnunist world market for all rare earths and yttrim was on the order of US$750 million in 1986. The main focus of this paper is on the principal uses for rare earths, some CRA-developed proprietary data on their consumption by region, and the selective nature of business opportunities in the rare earth markets. We also provide forecasts on the future trends in these markets.