Charting the Surge: Demands for Rare Earth Elements (REEs)
Published date : 15 January 2024

Charting the Surge: Demands for Rare Earth Elements (REEs)

Rare Earth Elements (REEs) are a group of 17 essential elements, pivotal in technology from electric vehicles to smartphones.

Four of these elements, crucial for making high-performance permanent magnets, dominate 90% of the market.

As the race for energy transition accelerates, the demand for REEs is projected to skyrocket — expected to increase 67-fold by 2050, at a 15% annual growth rate.

This surge highlights a critical challenge: responsibly leveraging these limited, valuable resources.

In the race towards technological innovation, embedding sustainability in the use and management of REEs is not just important—it's imperative.

Related InfobytesSee All