The outlook for rare earth demand from 2020 through 2025, and beyond, is exceptionally promising. This period reveals that for many of today’s most highly publicized rare earth end-uses, such as electric vehicles, wind turbines, and many others, the rate of annual demand growth is poised to accelerate between 2020 and 2025, steering global rare earth demand to unfathomable new heights in the years thereafter.
Following a table above from Chinese tax price for all elements used in neodymium magnet, and at times painful, period of adjustment since the boom and bust of the rare earth market in 2011, the future will be marked by strong global demand growth for a number of rare earth elements, such as neodymium, praseodymium, dysprosium, and lanthanum, and consequently, will see prices of most rare earth products return to levels that sustain the profitability and growth of today’s dominant producers, and continued putting investment in exploration and resource development globally.
Another issue is, which is often suggested that streamlining the mine permitting process would speed it up. Such suggestions ignore the real problem: small mining companies often file shoddy permit applications with no intention of following through on them. Their goal is to attract capital, not to operate a mine. Processing these permits eats up regulators’ time, slowing the permit process for everyone. There is an easy solution: immediately deny incomplete permits instead of letting them suck up agency resources.