Global Rare Earth Metals Market to 2031: Rising Electric Vehicle Sector Drives Growth - ResearchAndMarkets.com
These earth metals are classified into heavy earth metals and light earth metals.
- These earth metals are classified into heavy earth metals and light earth metals.
- The growing trends in automobile section, electric vehicle sector and consumer electronics industry is mainly stimulating the demand and growth of worldwide rare earth metals market across the globe.
- Among the various rare earth metals types, cerium oxide evolved as the highest contributor to the total market share of the rare earth metals market all across the globe .
- The fluctuating costs of the rare earth metals and the high level of availability of these rare earth metals in regions like China are the factors that can hinder the growth of the global rare earth metals market.