Why rare earths matter

Understanding the crucial role of rare earths in the energy transition

Why are rare earths important for the energy transition? When will there be new magnet capacity in Europe and the US? What are the biggest challenges facing the industry?

Listen to Fastmarkets’ strategic markets editor Caroline Messecar interview rare earths industry veteran Constantine Karayannopoulos, retired CEO of Neo Performance Materials where we tackle these and other key questions.

Spotlight on rare earths
About rare earths

Rare earth metals (the lanthanum series plus yttrium), are a group of elements that have found their way into most areas of modern life – from your smartphone and computer to medical devices, fiber optic cables, water treatment chemicals and catalysts. The use of rare earths in high-performance magnets in the engines of electric and hybrid vehicles and offshore wind turbines is creating unprecedented demand. But new demand is also bringing with it new pressures on the industry to build out the type of supply chains that large modern manufacturers need.

Discover our rare earths prices and insights to stay ahead in this volatile market

Find out more about the launch of Fastmarkets’ rare earths prices and discover further insights here.

What to read next
Aluminum scrap generation in Europe is expected to decrease in the current quarter due to lower demand from downstream metal producers amid the domestic seasonal summer slowdown, according to the latest market overview from the Bureau of International Recycling (BIR)
Chinese export prices for light rare earth products were unchanged for the fourth consecutive week on Thursday July 11, with suppliers firmly rejecting further price cuts, but low demand continued to pull down prices for heavy rare earth products used in magnets
Australia's Lynas Rare Earths, the largest rare earth product producer outside China, is doubling down on plans to produce separated heavy rare earth products for high-performance magnets in Malaysia, alongside its existing project in the United States, it announced on Thursday June 27
China’s magnet rare earth prices were flat in the week to Thursday June 20, with sellers resisting a further price decline amid persisting weak demand, Fastmarkets heard
Low demand from China’s magnet manufacturing sector continued to drive down rare earth prices on domestic and export markets, with suppliers cutting prices to close sales, sources told Fastmarkets in the week to Thursday June 6
Chinese rare earth export prices moved lower over the past week, in line with falling domestic prices driven by suppliers cutting offers in response to continued weak demand from the downstream magnet sector