Cerium and lanthanum accounted for almost two thirds of the consumption of rare earths worldwide in 2018, accounting for around 35 percent and 30 percent of global consumption, respectively.
Rare earths are forecast to be widely used for catalyst and magnet applications in the next decade.
Distribution of rare earth consumption volume worldwide in 2018 by element
Characteristic
Share of consumption
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Argus Media. (January 24, 2019). Distribution of rare earth consumption volume worldwide in 2018 by element [Graph]. In Statista. Retrieved August 24, 2024, from https://www.statista.com/statistics/1060440/rare-earth-consumption-worldwide-by-element/
Argus Media. "Distribution of rare earth consumption volume worldwide in 2018 by element." Chart. January 24, 2019. Statista. Accessed August 24, 2024. https://www.statista.com/statistics/1060440/rare-earth-consumption-worldwide-by-element/
Argus Media. (2019). Distribution of rare earth consumption volume worldwide in 2018 by element. Statista. Statista Inc.. Accessed: August 24, 2024. https://www.statista.com/statistics/1060440/rare-earth-consumption-worldwide-by-element/
Argus Media. "Distribution of Rare Earth Consumption Volume Worldwide in 2018 by Element." Statista, Statista Inc., 24 Jan 2019, https://www.statista.com/statistics/1060440/rare-earth-consumption-worldwide-by-element/
Argus Media, Distribution of rare earth consumption volume worldwide in 2018 by element Statista, https://www.statista.com/statistics/1060440/rare-earth-consumption-worldwide-by-element/ (last visited August 24, 2024)
Distribution of rare earth consumption volume worldwide in 2018 by element [Graph], Argus Media, January 24, 2019. [Online]. Available: https://www.statista.com/statistics/1060440/rare-earth-consumption-worldwide-by-element/