Key Statistics

Estimated World Production of Rare Earths

In tonnes of Total Rare Earth Oxide (TREO):

Country 2008 2009f 2010f 2014f
China 115,000 (93%) 90,000 (93%) 120,000 (94%) 165,000 (81%)
Others 9,000 (7%) 6,500 (7%) 7,500 (6%) 38,500 (19%)
Total 124,000 (100%) 96,500 (100%) 127,500 (100%) 203,500 (100%)

Source: Industrial Minerals Company of Australia Pty Ltd (IMCOA)

Estimated World Demand for Rare Earths

 In tonnes of Total Rare Earth Oxide (TREO):

Country 2008 2009f 2010f 2014f
China 77,000 (59%) 65,000 (72%) 82,000 (61%) 133,000 (65%)
Others 54,000  (41%) 25,000 (28%) 53,000 (39%) 72,000 (35%)
Total 131,000 (100%) 90,000 (100%) 135,000 (100%) 205,000 (100%)

 Source: Industrial Minerals Company of Australia Pty Ltd (IMCOA)

Summary of REE Demand for Major Applications

 In tonnes of Total Rare Earth Oxide (TREO):

REE Application   REO 2008 Demand

2014f  Demand

  Main Growth Areas
Permanent Magnets   Nd, Pr, Dy, Tb, Sm  26,500 47,500   Hybrid vehicles, small motors
NiMH Batteries   La, Ce, Pr, Nd  22,500 51,000   Hybrid vehicles
Catalysts   Ce, La, Pr, Nd 23,000 33,000   Gasoline, diesel, and hybrid vehicles-emission controls
Phosphors   Eu, Y, Tb, La, Dy, Ce, Pr, Gd 9,000 14,000   LCD and PDP displays
Polishing Powders   Ce, La, Nd, mixed 15,000 22,500   LCD and PDP displays
Glass Additives   Ce, La, Nd, Er, Gd, Yb 12,500 14,500   Digital cameras, fibre optics
Ceramics, other   Mixed 15,500 22,500   Computers, communications, lighting
Total     124,000 205,000    

Source: Industrial Minerals Company of Australia Pty Ltd (IMCOA)