Pricing Instability, Growing Demand and Supply Fears Drive Rare Earth Industry as China Dominates Market, Says IHS Study

Dateline City: 
HOUSTON

Rare earths essential for manufacturing and technologies including automotive, energy, electronics, defense, medical imaging, refining; some elements expected to be in short supply as demand grows

 

According to a new IHS Chemical (NYSE: IHS) global market research report, a growing global dependence upon a multitude of diverse technologies—including computers, smart phones, TVs, lighting systems, hybrid automobiles, life-saving medical technologies, offshore wind turbines, petroleum refining, microwave communications and laser-guided missile defense systems -- has left manufacturers and countries vulnerable to the availability and uninterrupted supply (largely from China) of some key elements used to produce these technologies, called rare earths.

Language: 
English
Contacts
IHS Media Relations, +1 303 305 8021
IHS Media Relations
press@ihs.com
or
Energy company financial valuations/M&A; chemicals & refining
Melissa Manning, +1 832-458-3840
melissa.manning@ihs.com

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