Rare earths are critical to trillion-dollar industries
And those industries are growing fast
Eclipsing the value of the mine-to-magnet value chain by orders of magnitude are the trillion-dollar end-use industries enabled by and reliant on sustainable supplies of rare earth magnets.
In 2025, the global automotive industry was valued at a whopping $4.1 trillion, the defense industry $3.1 trillion, the renewables industry $1.6 trillion and consumer electronics and appliances combined for $2.0 trillion.
Today, the robotics industry and advanced air mobility sector are nascent billion-dollar markets but they too stand to approach the trillion-dollar mark in the 2040s, if not sooner.
The nominal heft of end-use industries reliant on rare earth elements speaks to the strategic and economic criticality of having sustainable, uninterrupted supplies going forward and, in the case of China, reinforces why the nation has long been willing to forgo upstream profitability for net greater economic gains downstream.
–
With China’s ongoing restrictions and weaponization of rare earth exports, the need for alternative supply chains is now acute. In December, Adamas managing director, Ryan Castilloux, told CNBC, “It’s frankly a billion-dollar problem that affects trillion-dollar downstream industries. So, it is worth solving.”
A must-have resource for anyone with a professional interest in the mine-to-magnet supply chain
Empower your organization to seize opportunities and navigate risks with the latest, most comprehensive industry analysis, market data and forecasts available.
Our new Rare Earth Magnet Market Outlook to 2040 report is a must-have resource for project developers, miners, processors, metal makers, magnet makers, end users, institutional investors, government agencies and other stakeholders with a professional interest in the mine-to-magnet supply chain.
Contact us for more information about the new report and our other industry-leading services.
