The growth of the rare earth metals market is driven by increasing demand for clean energy coupled with advancements in the automotive sector with the advent of technologies such as electric vehicles and hybrid vehicles, says this report.

World demand for rare earths is forecast to expand 7.1 percent per year to 180,000 metric tons in 2015. In dollar terms, sales are expected to more than triple from $3.0 billion in 2010 to $9.2 billion in 2015. Consumption will be driven by increases