Over the recent past, the global production of rare earth elements (REE) has witnessed a consistent increase. These elements are vital for the production of electric vehicles (EV), defense products, clean energy, and high-tech consumer electronics. REEs are used in several application areas such as glass, magnets, catalysts, defense applications, and...

Introduction: The rare earth metal market plays a vital role in various industries due to the unique properties and applications of these elements. Rare earth metals, a group of 17 elements, have diverse applications in electronics, renewable energy, defense, automotive, and other high-tech sectors. This article explores the key trends, drivers, challenges, and future prospects of the...