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.

Rare earth elements-a set of 17 related metals, mostly shunted off to a tacked-on lower line of the periodic table-are crucial to the way we live now; Charles Braizer Global Markets sheds some light into these metals

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