1 China Light Rare Earth (LRE) Carbonate Market Analysis
From 2018 to 2023, China’s light rare earth carbonate production increased from 41896 tons to 90852 tons, indicating that China’s production capacity in the light rare earth carbonate market is constantly increasing.
Figure China Light Rare Earth (LRE) Carbonate Production (Tons) and Growth Rate (2018-2023)
From 2018 to 2023, China’s production of light rare earth carbonates increased significantly, from 41896 tons to 90852 tons, and revenue also increased from $408.41 million to $735.62 million. Although the price dropped from $9.7/kg to $8.1/kg, the gross margin increased from 22.62% to 23.03%, indicating that Chinese producers have achieved results in improving production efficiency and reducing costs.
Table China Light Rare Earth (LRE) Carbonate Production, Revenue, Price and Gross Margin (2018-2023)
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
Production (Tons) | 41896 | 52106 | 53184 | 59017 | 77218 | 90852 |
Price (USD/kg) | 9.7 | 10.7 | 9.5 | 8.3 | 7.2 | 8.1 |
Value (M USD) | 408.41 | 557.01 | 504.69 | 490.65 | 553.83 | 735.62 |
Gross Margin | 22.62% | 23.00% | 22.88% | 22.06% | 22.74% | 23.03% |
2 Japan Light Rare Earth (LRE) Carbonate Market Analysis
Japan’s light rare earth (LRE) carbonate production shows an upward trend between 2018 and 2023, increasing from 940 tons to 1869 tons, reflecting Japan’s increased production and supply capabilities in the light rare earth carbonate market, and also highlighting Japan’s growing importance in the global light rare earth supply chain.
Figure Japan Light Rare Earth (LRE) Carbonate Production (Tons) and Growth Rate (2018-2023)
Japan’s light rare earth (LRE) carbonate production and revenue show an upward trend between 2018 and 2023, with production increasing from 940 tons to 1869 tons, revenue increasing from $11.75 million to $18.96 million, and prices decreasing slightly from $12.5/kg to $10.1/kg, while gross margin increasing from 25.42% to 25.64%.
Table Japan Light Rare Earth (LRE) Carbonate Production, Revenue, Price and Gross Margin (2018-2023)
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
Production (Tons) | 940 | 1142 | 1198 | 1300 | 1664 | 1869 |
Price (USD/kg) | 12.5 | 13.6 | 12.2 | 10.7 | 9.3 | 10.1 |
Value (M USD) | 11.75 | 15.48 | 14.63 | 13.93 | 15.45 | 18.96 |
Gross Margin | 25.42% | 25.38% | 24.87% | 24.56% | 25.32% | 25.64% |
3. Production Growth Rate Analysis of Light Rare Earth (LRE) Carbonate in China vs Japan
China’s production growth rate is generally higher than Japan’s. China has the highest growth rate in 2021-2022, reaching 30.84%, while Japan’s growth rate in 2021-2022 is 27.97%. This shows that China has a stronger growth momentum in the light rare earth carbonate market.
Table China vs Japan: Light Rare Earth (LRE) Carbonate Market Production Growth Rate (2018-2023)
| 2018-2019 | 2019-2020 | 2020-2021 | 2021-2022 | 2022-2023 |
China | 24.37% | 2.07% | 10.97% | 30.84% | 17.66% |
Japan | 21.47% | 4.87% | 8.58% | 27.97% | 12.34% |
