The global market for rare earth elements is expected to reach USD 10.96 billion by 2020, according to a new study by Grand View Research, Inc. Growing demand for metal catalysts such as Cerium and Lanthanum is expected to drive the market over the next six years. These metal catalysts find applications across a host of industries including automobiles, metallurgy, phosphors and glass among others. In addition, growing market for permanent magnets is expected to particularly boost the demand for Neodymium.
http://www.grandviewresearch.com/industry-analysis/rare-earth-elements-market
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