Materials & Resources » Mining, Metals & Minerals » Rare earth elements | REO global demand value 2020

Rare earth oxide demand value worldwide 2014-2020

Value of rare earth oxide demand worldwide in 2014 and 2020 (Figures expressed in millions of U.S. dollars, unless otherwise specified)

The data displays the value of the demand for rare earth oxides (REOs) worldwide in 2014, with two projected values for the demand in 2020, each based on different market scenarios. In 2014, the demand for REOs amounted to a value of 3.76 billion USD, and the projected value of the demand for REOs in 2020 (based on an optimistic scenario) is 9.48 billion USD, while the pessimistic scenario places the 2020 demand value at 8.26 billion USD.

2014 3759.3
2020 (pessimistic scenario) 8255.1
2020 (optimistic scenario) 9484.6

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