Extensive research and breakthroughs in science have led us to a substantial understanding of Rare Earth Metals (REMs). These metals, while named ‘rare,’ are actually quite abundant but hard to find in large amounts. Known for their unique properties which make them indispensable to various industries, REMs are highly sought after. This article explores the top 11 countries leading in rare earth metal production as of the forecasted figures for 2024.
First and foremost, China takes the lead and stands at the top of the list. With its significant reserves, China controls over half of the global REM production and is home to the world’s most substantial rare earth consumer industries. Despite environmental challenges, China continues to dominate the market; it is observed that mines in Jiangxi province have the heaviest production.
Australia follows China and is the second-largest producer, thanks to its heavy mining activities around Mount Weld in Western Australia. The country’s ability to exploit new rare earth deposits has bolstered its capacity to assist world demand.
The United States holds the third spot on this list. One of the most notable mines in the country is the Mountain Pass mine in California. Technological advancements and strategic initiatives are being made to reduce reliance on China’s REM supplies.
In continental Europe, Russia offers a healthy contribution to the overall REM production, making it the fourth largest producer. Russia is leveraging technological advancements to extract REMs from uranium ore.
After Russia, Brazil stands at fifth place. The country’s large geological area and impressive resources are behind its robust REM production. Specifically, the Araxá mine is noteworthy for its niobium and phosphate production.
Next on the list is Vietnam, standing in sixth place. The country’s rich mineral resources, predominantly in the northern province of Lao Cai, contribute significantly to its REM production.
Thailand is closely following Vietnam. While Thailand doesn’t have much in the way of production facilities, its significant reserves have made it the seventh largest producer of REMs in the world.
Occupying the eighth position is Malaysia, utilized specifically by Australia for its REM refining capabilities due to lax environmental laws. However, continuous protests regarding environmental concerns associated with REM mining have led to controversies around its ongoing operation.
Next up is India, the ninth-largest REM producer globally. Its coast along the southeastern Indian Peninsula is the primary source, particularly the area’s monazite-rich sand.
The tenth position is held by Canada. The country’s vast geographical spread and diverse mineral reserves provide a significant potential for a rise in REM production.
Last but not least, Madagascar holds the eleventh position in this list. This island nation off the southeast coast of Africa has seen a slow but steady increase in REM production over the years.
In conclusion, these 11 countries contribute greatly to the global supply chain for rare earth metals. As the demand for these critical metals continues to rise, it remains interesting to see how these countries will expand and adapt their mining and refining capacities.
