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Rare Earth Commodities
The 17 rare earth elements, which cluster near the bottom of the periodic table, play a vital role in several industries: consumer electronics including Apple AirPods and iPhones, green technologies such as General Electric wind turbines and Tesla electric cars, medical tools including Philips Healthcare scanners, and military hardware such as F-35 jet fighters.
America depends on China for 80% of its rare earth imports.
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What are rare earth minerals and what are they used for?
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Rare earth metals are used in cellphones, electric-vehicle batteries, fluorescent lights, defense, clean energy and much more. The global rare earth market is expected to grow in value from $8.1 billion in 2018 to more than $14.4 billion by 2025.