Demand for Rare Earths Seen Rising

EE Times reported that consumption of rare earths is expected to increase dramatically over the next few years.

As quoted in the market news:

According to BCC Research (Wellesley, Mass.), the global market for rare earths will almost double in the next five years, starting at just over 158,200 metric tons in 2011 and growing to 258,000 metric tons by 2016, a compound growth rate of over 10 percent.

Click here to read the full EE Times report.