Top Ten Companies in Rare Earths
Rare earths are a group of 17 metallic elements that have similar chemical structures with unique
properties. BCC has followed the rare earth market for more than 15 years, reporting on all the
latest technical and market developments. During this period, consumption of these materials has
expanded by a factor of three and many new products containing these elements have been
introduced. With this study, BCC Research continues its commitment to monitoring the rare
earth market with a special focus on the companies actively engaged in the mining, separation,
production, and distribution of rare earths.
This study highlights the details of the top ten companies and the details of their mines and
products as well as technology advancements, executives and present financial situations of these
companies. Some acknowledgement is made of how the geopolitical scene plays into the
production and utilization of rare earths and the newer combinations of materials that are being
Reasons for Doing This Study
The first rare earths were discovered in the late 1700s, although commercial applications for
these materials remained limited until the 1960s. During the last 50 years, due to the ongoing
development of new applications, utilization of rare earths has steadily increased.
Technologically advanced devices used in the automobile, defense, metallurgy, electronics and
optoelectronics, chemical, energy, and other fields owe some of their outstanding properties to
the presence of rare earths.
Once the United States was the world’s leading supplier but the mine was closed for
environmental reasons. The Chinese then became dominant in production. The principal reason
for doing this study is to provide an updated and comprehensive assessment of the rare earth
producers, particularly as it relates to the evaluation of mining projects worldwide, current and
future availability of rare earths, and the status of companies that may change the availability and
pricing of rare earths.
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Published: January 2013
No. of Pages: 95
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Methodology and Information Sources
Both primary and secondary research methodologies were used to obtain market data and
analyze the overall market and market segments. All tables of composite production evaluation
are referenced to the original report published by BCC Research as AVM018G in January 2012.
The technology section of this report is based on information derived from technical literature,
related BCC reports, professional journals, the author’s field of experience, contact with embassy
liaison officials, and online sources.
The original global market analysis was performed by analyzing 127 suppliers of rare earths,
accounting for at least 90% of the global market. Data for each company were obtained by
thoroughly analyzing Security and Exchange Commission (SEC) filings, Internet websites,
annual reports, industry directories, industry magazines and catalogs, government sources, and
other public sources.
Additional data were obtained from the direct contribution of primary sources, including:
company executives, managers, engineers and other technical personnel representing suppliers of
rare earths and rare earth–based products; representatives of academia and trade associations;
and industry market analysts.
Other sources of information include:
U.S. Geological Survey (USGS).
U.S. Securities and Exchange Commission Filings.
U.S. Patent and Trademark Office.
European Patent Office.
Company annual reports.
Hoover’s Company Information.
S & P Industry Survey.
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