Analysis of global rare earth market,and its future development,and demands

The previous rare earth market was mainly influenced by the demands from rare earth permanent magnetic materials for praseodymium (Pr),neodymium (Nd),terbium (Tb),and dysprosium (Dy).Driven by constant changes in international situation and gradually rising demands for rare earth from traditional,military,and civil industries,the overall pattern of the rare earth market has changed as well.In the future,the global market will be more open and with more integrative developments,and the demands on rare earth will not be limited to raw materials of rare earth permanent magnetic materials,and will open to developments on the industrial chain targeting more fields in an extensive manner