Rare Earth Metals Market Demand and outlook transparencymarketresearch.com

China’s influence over the global rare earth metals market is unlikely to weaken in the near future, as the country boasts the highest reserves of rare earth metals. Although countries such as Russia, India, Australia, and the U.S. also have substantial reserves of rare earth metals, China leads by a wide margin. This will cause an appreciable portion of all commercial and trading activity in the rare earth metals market to be concentrated in China, states Transparency Market Research (TMR). This projection is substantiated by the estimate that China singlehandedly accounts for over 95% of all rare earth metals produced globally.