7 Rare Earth Metals Manufacturers in 2024
This section provides an overview for rare earth metals as well as their applications and principles. Also, please take a look at the list of 7 rare earth metals manufacturers and their company rankings. Here are the top-ranked rare earth metals companies as of November, 2024: 1.NEO, 2.Texas Mineral Resources Corp, 3.Materion Advanced Materials Group.
Table of Contents
Senior Researcher, Policy Research Institute, Inc.
Graduated from the Graduate School of Advanced Science and Engineering, Waseda University (Department of Applied Chemistry) in 2007. He has been in his current position since August 2020 and a part-time lecturer at Josai International University since April 2020.
He specializes in data analysis and machine learning on the health risks associated with chemical substances.
(1)website
https://www.doctoral.co.jp/doctoral_staff/shimizu.php
(2)linkedin
https://www.linkedin.com/in/yoshiharu-shimizu-ba083b163/
(3)Thesis
https://scholar.google.co.jp/citations?user=GWVJYvkAAAAJ&hl=en&citsig=AMD79op_vFERPKFpVCIH_fkCxeNDGTy-Ug
(4)researchmap
https://researchmap.jp/prolead/
What Is a Rare Earth Metal?
The definition of a Rare Earth Metal is not clear, but it is a general term for metals that are scarce in the earth's crust, difficult to extract for economic or technological reasons, or important to secure in a stable manner in industry.
The major Rare Earth metal-producing countries are Australia, China, Russia, and South Africa, and the global competition for rare metals is heating up.
Other metals that are produced in large quantities and used in various materials, such as iron, copper, and aluminum, are called base metals. Eight elements, including gold, silver, platinum, and palladium, are rare, corrosion resistant, and are called precious metals.
Uses of Rare Earth Metals
Rare earth metals are employed to enhance the corrosion resistance, melting point, and strength of materials due to their unique properties such as corrosion resistance, heat resistance, ferromagnetism, and superconductivity.
Lithium, cobalt, and nickel are used as cathode materials in batteries. Neodymium and dysprosium are used as powerful permanent magnets in PC HDDs, electric vehicle drive motors, and home appliances. Tantalum is used in capacitors for circuit boards inside electrical appliances, and tungsten is used in tools due to its hardness.
Indium is an essential element in making transparent electrodes for LCD panels. Niobium is used in superconducting magnets for linear motor cars, where extremely low temperatures are involved, and in alloys for engine nozzles in rocket satellites, which are subjected to very high temperatures. Gallium has led to improvements in energy conversion efficiency through the development of LEDs and power transistors.
Rare earth metals have a variety of applications but are rarely used alone. They are usually added to base metals and alloyed to achieve their functions.
Characteristics of Rare Earth Metals
Rare earth metals have the common characteristics of strengthening structures and adding new functions to materials by adding them to base metals.
Tantalum is a metal with high dielectric constant, excellent corrosion and acid resistance, and good workability, and is therefore used in capacitors inside electrical appliances.
Tungsten has excellent properties such as hardness and heat resistance at high temperatures, so it is processed into metal parts for tools that are expected to be used in harsh environments.
Although tungsten is an extremely useful Rare Earth Metal, it also poses the problem of frequent imbalances between supply and demand. When the supply/demand balance is disrupted, prices fluctuate wildly and have a significant impact on industrial activities.
Like petroleum, rare earth metals are also resources that are at risk of depletion; by 2050, many types of metals will have exhausted their existing reserves, and there are concerns that demand for some rare metals, such as indium, will far exceed the amount of reserves available.
In recent years, to address this supply/demand balance, recycling technologies have been developed to extract rare earth metals from the urban mining resources accumulated above ground.
Rare Earth Metals Recycling Technology
There are growing expectations for technologies to extract rare earth metals from urban mines. Advantages of recycling include the following:
- The extractable amount is clear, and there is no need for exploration.
- Rare earth metals are generally of higher quality than natural ores because of their intensive use in processing.
- There is significant potential for resource and energy conservation in terms of mining and refining.
Extraction of metals from urban mines generally involves the process of "dismantling and component separation" → "extraction of target materials and materialization".
Urban mine development has great potential and is becoming an important issue for Japan, a country with limited natural resources. Efforts are being developed to recover used cell phones and small electronic devices and extract rare earth metals from them. However, the following challenges persist:
Dispersion
Cell phones and other billion small electronic devices are dispersed throughout the hands of individual consumers, making it difficult to put them in the recycling process unless they are collected efficiently.
Waste
Even if rare earth metals are contained in small electronic devices in high purity, a large part of them are other materials such as plastics, and effective use of materials other than rare earth metals must be considered.
Cost
One cell phone contains only about 75 cents of rare earth metals, and we must develop a technology (mechanism) to separate, extract, and recover rare earth metals at a lower cost than this.
List of 7 Rare Earth Metals Manufacturers
*Including some distributors, etc.
Sort by Features
- Default
- Company Size: largest first
- Year Founded: oldest first
- Year Founded: earliest first
Sort by Area
- United States of America
- Australia
- Canada
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Materion Advanced Materials Group
Cobalt metal
Company Overview
Materion Advanced Materials Group, established in 1931, is a manufacturer of advanced materials based in the United States. The company specializes in producing a diverse range of quality materials tailored to industries such as aerospace, defense, electronics, and healthcare. The materials play a pivotal role in enabling cutting-edge technologies and applications. La Materion's aim is to empower industries with advanced materials that enhance performance, reliability, and sustainability. The company has a comprehensive portfolio and provides technical support.
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NEO
Rare Metals
Manufacturer Overview
NEO, headquartered in Toronto, Canada, is a manufacturer and supplier specializing in advanced industrial materials for modern technologies. The company’s product range includes magnetic powders, magnets, specialty chemicals, metals, and alloys, crucial to everyday and emerging technologies. These materials find applications in modern technologies such as hybrid vehicles, pollution control systems, energy-efficient appliances, and water purification. With divisions in Magnequench, Auto Catalysts, Chemicals and Oxides, Rare Metals and Water Purification, Neo serves global markets in automotive, renewable energy, consumer electronics, aerospace, and other sectors.
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Rare Earth Metals Manufacturer Ranking
*Including some distributors, etc.Ranking as of November 2024
Derivation Method| Rank | Company | Click Share |
|---|---|---|
| 1 | NEO |
33.8%
|
| 2 | Texas Mineral Resources Corp |
22.1%
|
| 3 | Materion Advanced Materials Group |
13.8%
|
| 4 | MP MATERIALS |
11.2%
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| 5 | NORTHERN MINERALS |
7.9%
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| 6 | Iluka Resources Ltd |
5.8%
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| 7 | Lynas Rare Earths Ltd |
5.4%
|
Derivation Method
The ranking is calculated based on the click share within the rare earth metals page as of November 2024. Click share is defined as the total number of clicks for all companies during the period divided by the number of clicks for each company.Number of Employees
- Materion Advanced Materials Group: 3,700
Newly Established Company
- Materion Advanced Materials Group: 1931 (93 years ago)
Company with a History
- Materion Advanced Materials Group: 1931 (93 years ago)
Rare Earth Metals Manufacturers in United States
*Including some distributors, etc.
Global Distribution of Rare Earth Metals Manufacturers by Country
*Including some distributors, etc.
| Country | Number of Companies | Share (%) |
|---|---|---|
United States of America
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3 | 42.9% |
Australia
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3 | 42.9% |
Canada
|
1 | 14.3% |
