Rare earth battery enterprise ranking

What is the value of rare earths in the US?

The US is a major importer of rare earth materials. The USGS estimates the value of US rare earth imports for 2023 at US$190 million, down from US$208 million in 2022. The country has classified rare earths as critical minerals, a distinction that has come to the fore due to trade issues between the US and China.

Who is the leading rare earth mining company in the world?

Industry-specific and extensively researched technical data (partially from exclusive partnerships). A paid subscription is required for full access. Australian mining company Lynas Corporation Ltd. was the leading global rare earth mining company (outside of China) based on market capitalization as of February 2023.

Which is the largest rare earth deposit in the world?

Located in the northern region of the province, Ashram is one of the largest rare earth deposits in the world with a fluorspar component which also ranks as one of the largest defined globally. Peak Rare Earths’ Ngualla project in Tanzania takes seventh place with 4.6mt TREO.

Are escalations a boon for rare earth mineral stocks?

These recent escalations could be a boon to rare earth mineral and rare earth magnet stocks operating in the space outside of China. To help paint a better picture of the REE landscape, the Investing News Network has compiled a list of the biggest rare earths stocks by market cap on US, Canadian and Australian stock exchanges.

Which country produces the most rare earths?

As mentioned, China has dominated rare earths production for quite some time. While China dominates global production of the vast majority of the 17 different rare earth elements, its output is heavily concentrated in light rare earths, specifically the magnet rare earths neodymium and praseodymium.

Does China produce rare earth metal?

Since China is the world’s largest producer of rare earths by far, the fraught relationship between the countries is directing attention to global supply chain disruption in the rare earths industry. With that in mind, it’s worth being aware of rare earth metal production by country figures.