Rare Earth Metals Market -Global Industry Analysis 2012 – 2018
Rare earth metals are the group of seventeen metals including the set fifteen lanthanides (lanthanum, praseodymium, cerium, neodymium, samarium, promethium, europium, dysprosium, holmium, gadolinium, terbium, thulium, erbium, ytterbium, and lutetium) with similar chemical properties plus scandium and yttrium. These rare earth metals are classified into heavy rare earth metals (yttrium, gadolinium, europium, terbium, holmium, dysprosium, thulium, erbium, ytterbium, and lutetium) and light rare earth metals (lanthanum, praseodymium, cerium, promethium, neodymium, and samarium). They are used in many everyday devices such as computer memory, DVD's, fluorescent lighting, cell phones, car catalytic converters, rechargeable batteries, magnets and much more. The reserves of rare earth metals are highly concentrated in a few regions. China holds the world’s largest reserves of rare earth metals followed by Russia, United States, Australia, India and others. China is the ...
