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Analysts Predict a Neodymium Supply Crunch in 2015

With its demand significantly outpacing supply, Neodymium is expected to face a critical supply shortage in the coming years.
Noida, Uttar pardesh, India ( 20/09/2011
As a decisive component of Neodymium-Iron-Boron (NdFeB) magnets, Neodymium plays an important role in a number of clean technology industries such as electric bicycles, hybrid cars, wind turbines, hard disk drives and a number of other energy efficient appliances. IMARC Group, one of the world’s leading research and advisory firms, expects that a critical supply shortage of Neodymium in the coming years can completely jeopardize the future growth of these clean technology industries.

Findings from the report suggest that China currently has a monopolistic position in this market accounting for around 97% of the total 20,783 metric tons of Neodymium production in 2010. With an expected opening of a number of non-Chinese mines, the production of Neodymium is expected to become more diversified and increase at a CAGR of 11% during 2010-2015. Despite this increased production, the demand of Neodymium driven by an increasing market penetration of electric drive vehicles and permanent magnet wind turbines will significantly outpace supply in the coming years.

IMARC’s new report “The Global Rare Earth Elements Market 2011-2015: Is the Hype Justified?” gives a deep insight into the rare earth elements market. The research study serves as an analytical as well as a statistical tool to understand the strengths, weaknesses, opportunities, threats, market trends, geographical structure, competitive structure and the outlook of the rare earth elements market till 2015. This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists, and all those who are planning to foray into the rare earth elements market in some form or the other.

Table of Contents

1. Research Methodology & Market Definitions
2. Executive Summary
3. What are Rare Earth Elements?
4. Rare Earth Elements: Are They Really Rare?
4.1 Reserve & Reserve Base Estimates
4.2 How Long will they Last?
5. Rare Earth Elements: Mining Economics
5.1 Mine Valuation: Grades & Composition are Key
5.2 Development of a New Project: Can Take Several Years
5.3 Rare Earth Mining Costs: Largely Location and Grade Dependent
5.3.1 Infrastructure & Capital Costs
5.3.2 Operating Costs
5.4 Mining & Processing
5.4.1 Mining
5.4.2 Downstream Processing
5.5 Prices: Have Risen Several Fold in Recent Years
5.5.1 Factors Affecting Rare Earth Element Prices
5.5.2 Historical Prices
5.5.3 Pricing Forecast
6. China’s Role in the Global Rare Earth Elements Market
6.1 China Has a Monopoly Over Rare Earth Elements
6.2 Mining Costs in China Are Significantly Lower Than Other Rare Earth Producers
6.3 Miners Have Benefitted from the Lack of Proper Working Standards and Environmental Regulations
6.4 China Has a Significantly Higher In-house Expertise Compared to Other Rare Earth Producers
6.5 China is Decreasing Export Quotas as its Own Domestic Demand is Expected to Outstrip Supply
6.6 China Aims to Become an Exporter of Higher Value Goods
7. The Global Rare Earth Elements Market
7.1 Total Sales & Production of Rare Earth Elements
7.2 Production of Rare Earth Elements by Region
7.2.1 Current Operational Mines
7.2.2 Potential New Projects
7.3 Consumption of Rare Earth Elements by Region
7.3.1 China
7.3.2 Japan & Northeast Asia
7.3.3 US
8. Supply & Demand of Individual Rare Earth Elements
8.1 Elements that will Face Supply Shortages in the Near Future
8.1.1 Terbium
8.1.2 Dysprosium
8.1.3 Neodymium
8.1.4 Europium
8.2 Elements That Will Be Oversupplied in the Near Future
8.2.1 Yttrium
8.2.2 Lanthanum
8.2.3 Cerium
8.2.4 Praseodymium
8.2.5 Samarium
9. Market by Application (2010-2015)
9.1 Magnets
9.2 NiMH Batteries
9.3 Auto Catalysts
9.4 Diesel Engines
9.5 Fluid Cracking Catalysts (FCC)
9.6 Phosphers
9.7 Glass
9.8 Polishing Powders
9.9 Other Applications
10. Overcoming the Potential shortfalls in Supply
10.1 Stockpiling
10.2 Recycling
10.3 Substitution
10.4 Material Shortfall Strategies by Various Rare Earth Consumers
11. Key Player Profiles
11.1 Lynas Corporation
11.2 Molycorp Minerals
11.3 Arafura Resources Ltd
11.4 Great Western Minerals Group Ltd
11.5 Avalon Rare Metals Inc
11.6 Greenland Minerals & Energy Ltd
11.7 Alkane Resources Ltd

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