Which country has the largest rare earth reserves in the world?

China holds the largest rare earth reserves at 44 million metric tons, representing 49% of global reserves. The Bayan Obo Mining District in Inner Mongolia contains the world's largest rare earth deposit with an estimated 100 million metric tons of ore. Brazil ranks second with 21 million metric tons (23%), followed by India with 6.9 million metric tons (8%).

What companies produce rare earth elements outside of China?

The largest non-Chinese rare earth producers are MP Materials (USA) operating Mountain Pass mine with 45,000 tons annual production and Lynas Rare Earths (Australia) mining Mt Weld with 13,000 tons. Iluka Resources is building Australia's first integrated refinery, while Energy Fuels is developing rare earth capacity at its White Mesa Mill in Utah. Together, non-Chinese producers account for about 30% of global mining but only 10% of refining.

How much rare earth does an electric vehicle require?

A battery electric vehicle typically requires 1 to 2 kilograms of neodymium-iron-boron permanent magnets for its traction motor. The magnet composition includes approximately 24% neodymium, 7.5% dysprosium, and 6% praseodymium. Dysprosium demand from EVs is projected to increase 2,600% from 2017 to 2030 as the global vehicle fleet electrifies.

What is the rare earth market size forecast for 2030?

The global rare earth elements market is projected to reach between $6.28 billion and $15.8 billion by 2030, depending on methodology, growing at 5.8% to 11.7% CAGR. Permanent magnets for EVs and wind turbines represent 41% of demand and the fastest-growing segment. Volume forecasts indicate production increasing from 196,600 tons in 2024 to 260,400 tons by 2030.

Can rare earth elements be recycled from electronics and magnets?

Yes, rare earth recycling technology can recover 85% to 95% of elements from end-of-life magnets, hard drives, and electronic waste. Companies like Cyclic Materials, Noveon Magnetics, and ReElement Technologies are scaling recycling operations. The recycling market is projected to reach $1 billion by 2030 and could supply 25% of global rare earth demand by 2035, though current recovery rates remain below 1%.

Rare Earth Minerals Reserves and Production by Company and Country 2025-2030: The Strategic Resources Powering Electric Vehicles and Clean Energy

China controls 69% of global rare earth mining and 90% of refining capacity, creating strategic vulnerabilities for electric vehicle and wind turbine manufacturers worldwide. This comprehensive analysis examines reserves, production, and the companies building alternative supply chains through 2030.

Published: December 4, 2025 By Sarah Chen Category: Green Tech

Rare Earth Minerals Reserves and Production by Company and Country 2025-2030: The Strategic Resources Powering Electric Vehicles and Clean Energy

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