Rare Earth Element Application

Rare earth metals are actually not as rare as their name might imply. Rare Earth Oxides are used in mature markets (such as catalysts, glassmaking and metallurgy), which account for 59% of the total worldwide consumption of rare earth elements, and in newer, high-growth markets (such as battery alloys, ceramics, and permanent magnets), which account for 41% of the total worldwide consumption of rare earth elements.