Global Rare Earth Elements Market was valued at US $ 3168 million in 2023 and is expected to reach US $ 5678.9 million by 2032 growing at a CAGR of 6.7% during the forecast period 2024 – 2032.
The Rare Earth Elements (REE) market is currently experiencing a significant surge in demand, driven by their indispensable role in various high-tech industries. These elements, including neodymium, dysprosium, and praseodymium, play a crucial part in the manufacturing of electronics, renewable energy technologies, and defense applications.
