Rare Earths Market is projected to rise at a CAGR of 13.0% during the period from 2012 to 2018
The global market for rare earth metals demonstrates a fragmented business landscape. Molycorp, Chinalco Yunnan Copper Resources Ltd., Great Western Minerals Group, Inner Mongolia Baotou Steel Rare-Earth Hi-Tech Co., Alkane Resources, Rare Elements Resources Ltd., Greenland Rare Earth and Energy Ltd., Arafura Resources, China Rare Earth Holdings, Lynas Corp. Ltd., Indian Rare Earths, and Avalon Rare Metals are some of the key players in this market. The market is becoming increasingly competitive due to the constant entry of new companies. Researchers expect the competition within this market to intensify in the years to come, notes the market study. According to the research report, the worldwide market for rare earth metals, which stood at US$3.9 bn in 2012, is projected to rise at a CAGR of 13.0% during the period from 2012 to 2018 and increase to US$8.1 bn by the end of the period of the forecast. Among all the types of products available in this market, cerium oxide...