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Recent Dynamics in the Global CRITICAL Rare-Earths Market and ...

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The balance between REE surplus <strong>and</strong> deficit<br />

• Dem<strong>and</strong> profile of each REE vs. natural occurrence:<br />

• Ratio Dy : Pr + Nd ≈ 1:50 – 1:2 for permanent magnets<br />

• Ratio Dy : Pr + Nd ≈ 1:100 – 1:50 <strong>in</strong> typical LREE m<strong>in</strong>erals<br />

• Impetus for f<strong>in</strong>d<strong>in</strong>g new sources of HREE-rich m<strong>in</strong>erals<br />

• Even HREE-rich m<strong>in</strong>erals conta<strong>in</strong> significant LREEs<br />

Forecast for global supply <strong>and</strong> dem<strong>and</strong> for select rare earths <strong>in</strong> 2016<br />

CeO 2 Nd 2 O 3 Eu 2 O 3 Tb 4 O 7 Dy 2 O 3 Y 2 O 3<br />

Dem<strong>and</strong> @<br />

150-170 kt/yr TREO<br />

Supply @<br />

180-210 kt/yr TREO<br />

60-70 kt 25-30 kt 625-725 t 450-550 t 1.5-1.8 kt 12-14 kt<br />

75-85 kt 30-35 kt 450-550 t 300-400 t 1.3-1.6 kt 9-11 kt<br />

Source: IMCOA<br />

O<strong>the</strong>r Supply & Dem<strong>and</strong> Issues<br />

32

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