Rare Earth Metals companies

Key Rare Earth Metals Market Players:

Here is a list of key players operating in the global market:

• Chinalco Rare Earth Co., Ltd. (China)
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• Shenghe Resources Holding Co., Ltd. (China)
• Ganzhou Rare Earth Group Co., Ltd. (China)
• Xiamen Tungsten Co., Ltd. (China)
• JL MAG Rare-Earth Co., Ltd. (China)
• Zhongke Sanhuan High-Tech Co., Ltd. (China)
• Lynas Rare Earths Ltd (Australia)
• MP Materials Corp. (U.S.)
• Iluka Resources Ltd (Australia)
• Arafura Rare Earths Ltd (Australia)
• NPM Silmet OÜ (Estonia)
• Solvay SA (Belgium)
• REEtec AS (Norway)
• Treibacher Industrie AG (Austria)
• LKAB (Sweden)
• Proterial Ltd. (formerly Hitachi Metals, Ltd.) (Japan)
• Shin‑Etsu Chemical Co., Ltd. (Japan)
• IREL (India) Limited (India)
• Lynas Malaysia Sdn Bhd (Malaysia)
• Korea Resources Corporation (South Korea)

The worldwide rare earth metals market is extremely concentrated, with China-based producers controlling most refining and separation, while Australia and the U.S. scale mining and midstream capacity. Strategies include vertical integration (mine‑to‑magnet), long‑term OEM offtakes, recycling of end‑of‑life magnets, and process innovation in solvent extraction to cut costs and emissions. Western players pursue supply chain localization, grid and EV demand alignment, and financing via industrial policy. Besides, in March 2025, Handtmann has declared the production of components, extremely suitable for vehicle manufacturing, by utilizing the aluminum die casting process. Additionally, the company’s megacasting is projected to be expanded at the Biberach location, thereby creating an optimistic outlook for the rare earth metals market’s growth and upliftment.

Corporate Landscape of the Rare Earth Metals Market:

• Chinalco Rare Earth Co., Ltd. is considered a subsidiary of Aluminum Corporation of China (Chinalco) and plays a strategic role in China’s rare earth industry. The company focuses on the production and processing of rare earth oxides, metals, and alloys, supporting applications in electronics, aerospace, and clean energy. Its integration with Chinalco’s broader nonferrous metals operations strengthens supply chain resilience and market influence.
• Shenghe Resources Holding Co., Ltd. is one of China’s most globally active rare earth companies, with investments and partnerships extending to Greenland and the U.S. It reported generous revenues, which are driven by strong rare earth metal sales despite declining oxide production. The company’s strategy emphasizes international expansion and recycling, positioning it as a bridge between Chinese supply and global demand.
• Ganzhou Rare Earth Group Co., Ltd., based in Jiangxi Province, is a major producer of heavy rare earths, particularly dysprosium and terbium. The company operates across mining, functional materials, and magnet manufacturing, with over 11 subsidiaries and 2,000 employees. Its role is critical in supplying heavy rare earths for high-performance magnets used in EVs and defense technologies.
• Xiamen Tungsten Co., Ltd. is a state-backed enterprise with a diversified portfolio in rare earths, tungsten, and new energy materials. The company is commissioning a permanent magnet plant in Baotou, targeting massive tonnes of NdFeB magnets annually. This expansion cements its role in China’s rare earth vertical integration and global magnet supply dominance.
• JL MAG Rare-Earth Co., Ltd. is one of the leading global manufacturers of NdFeB permanent magnets, supplying major clients such as Tesla, BYD, and Toyota. In 2024, it produced 29,300 tonnes of magnet blanks and plans to expand capacity to 60,000 tonnes by 2027. The company emphasizes ESG leadership, with 30% of inputs sourced from recycled rare earths and carbon-neutral certifications.