Rare Earth Magnet Market Outlook to 2040
Our most comprehensive annual report to-date
Published: Q4 2025
In the new report, we provide a detailed overview of the global mine-to-magnet supply chain, including a breakdown of historical production, consumption and prices of rare earth oxides, rare earth metals, NdFeB alloys and powders, and NdFeB magnets from 2015 through 2024.
Next, we unravel the anticipated near-term evolution of this rapidly growing industry and forecast global supply, demand and prices from 2025 through 2040 under three distinct scenarios.
Uniquely, the report dives deep into the differing supply – demand outlooks across key regions (e.g., China, U.S., Europe, Japan, Other), highlighting specific opportunities and challenges that policymakers and industry stakeholders should be aware of.
Why Adamas?
With over 13 years of experience tracking, analyzing and advising the global rare earths industry, we are the go-to source for independent, actionable intelligence.
Rare earth elements aren’t rare, informed intelligence is. Contact us for more information about the market study.
More information
"Over the past three years, strong rare earth magnet demand growth coupled with a wave of incoming rare earth oxide supply has helped de-risk the business case for downstream investments in metals, alloy and magnet production capacity, spurring public and private sectors into action."Adamas Intelligence
“China’s export restrictions on rare earth elements and magnets – implemented in April 2025 – have heightened the urgent need for diversified sources of rare earth and magnet supply, triggering a wave of investments, policies and international initiatives around the globe."Adamas Intelligence
“According to Adamas Intelligence data, combined rare earth magnet production capacity in the U.S. and Europe is poised to increase 10-fold by 2030 as new factories are built and/or ramped up, necessitating comparable growth in rare earth oxide supplies.”Adamas Intelligence
“In the U.S., Europe and elsewhere, emerging magnet makers are positioning to capitalize on strong demand growth for electric vehicles, robotics, advanced air mobility and defense – applications that often require magnets with elevated concentrations of the heavy rare earth elements dysprosium and terbium.”Adamas Intelligence
