CATEGORY

Rare earth elements

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CATEGORY ALERTS

Emergence of global significant rare earth projec

July 04, 2022
alert level: Medium

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Rare earth elements Market Monitoring Dashboard


Price Trend
623.10
Jan-2023
USD/Kilogram
History Forecast
Supply Demand

Understand the correlation between costs, margins, and prices impacting your category on a real time basis on Beroe LiVE.Ai™

Rare earth elements Industry Benchmarks


Savings Achieved

(in %)

The average annual savings achieved in Rare earth elements category is 6.70%

Payment Terms

(in days)

The industry average payment terms in Rare earth elements category for the current quarter is 72.7 days

Compare your category performance against peers and industry benchmarks across 20+ parameters on Beroe LiVE.Ai™

Category Strategy and Flexibility

Engagement Model

Supply Assurance

Sourcing Process

Supplier Type

Pricing Model

Contract Length

SLAs/KPIs

Lead Time

Supplier Diversity

Targeted Savings

Risk Mitigation

Financial Risk

Sanctions

AMEs

Geopolitical Risk

Cost Optimization

Price per Unit Competitiveness

Specification Leanness

Minimum Order Quality

Payment Terms

Inventory Control

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    Rare earth elements Suppliers


    483
    Total Suppliers
    10
    Diverse Suppliers
    79
    Normalized Supplier Rating
    Rare earth elements Supplier

    Find the right-fit rare earth elements supplier for your specific business needs and filter by location, industry, category, revenue, certifications, and more on Beroe LiVE.Ai™.

    Sample Supplier
    Company
    ALCOA CORPORATION
    Location
    Jackson, Mississipi
    Duns number
    3862211

    D&B SER Rating

    dnb logo

    Up to 3 months

    1 9
    4
    Low Risk High Risk

    The Supplier Evaluation Risk (SER) Rating is Dun & Bradstreet’s proprietary scoring system used to assess the probability that a business will seek relief from creditors or cease operations within the next 12 months. SER ratings range from 1 to 9, with 9 indicating the highest risk of failure. We’ve prepared an infographic to help business owners better understand what influences their SER Rating.

    Moody`s ESG Solution
    ESG Profile

    Company and Sector Performance
    59

    100
    Robust (1)
    ESG Perfomance (/100)
    Environment
    53
    Social
    57
    Governance
    71
    6 Domains Performance (/100)
    Business behaviour
    59
    Human rights
    56
    Community Environment
    67
    Corporate governance
    77
    Human resources
    53
    Security Scorecard
    85

    Threat indicators
    B
    87
    Network Security
    Detecting insecure network settings
    A
    100
    Hacker Chatter
    Monitoring hacker sites for chatter about your company
    D
    66
    DNS Health
    Detecting DNS insecure configuration and vulnerabilities
    B
    81
    Application Security
    Detecting common website application vulnerbilities
    B
    84
    Endpoint Security
    Detecting unprotected enpoints or entry points of user tools, such as desktops, laptops mobile devices, and virtual desktops
    A
    100
    Cubic Score
    Proprietary algorithms checking for implementation of common security best practices
    B
    84
    Patching Cadence
    Out of date company assets which may contain vulnerabilities of risk
    A
    100
    Social Engineering
    Measuring company awareness to a social engineering or phising attack
    A
    97
    IP Reputation
    Detecting suspecious activity, such as malware or spam, within your company network
    A
    100
    Information Leak
    Potentially confidential company information which may have been inadvertently leaked

    Industry Comparison
    alcoa.com
    Industry average
    Adverse Media Appearances
    Environmental Issues
    1
    Workforce Health Safety Issues
    0
    Product Service Issues
    27
    Human Rights Issues
    0
    Production Supply Chain Issues
    2
    Environmental Non Compliance Flags
    30
    Corruption Issues
    0
    Regulatory Non Compliance Flags
    3
    Fraud Issues
    0
    Labor Health Safety Flags
    29
    Regulatory Issues
    3
    Workforce Disputes
    29
    Sanctions
    0
    esg energy transition
    50
    Discrimination Workforce Rights Issues
    0
    esg controversies critical severity
    Yes

    Rare earth elements market frequently asked questions


    The bargaining potential of buyers is medium to high, based on the end-use sector, as the demand scale differs across the verticals. Case in point, the present magnet industry downswing and the fragile commodity market offer the upper hand to the buyers in terms of price negotiation. On the other hand, since the global rare earth elements market is highly competitive, the bargaining potential of suppliers is medium to high.

    Rare earth metal producers continue to view China as their target geography as the developing region captures over 3/5 of the global mine production. Moreover, six state-funded local miners hold a significant chunk of the rare earth mining market.

    Due to the COVID-19 pandemic and its ripple effects, the worldwide mine output took a hard hit in 2020. In addition, market players began engaging in short-term contracts due to the high degree of fluctuation amidst the public-health crisis.

    The global rare earth elements market is consolidated, with leading players taking the bigger slice of the overall revenue. Further, the price competition in the market echoes the cut-throat rivalry between participants to boost their bottom lines and gain an edge over others.

    For new entrants, the yardstick to enter the global competitive landscape of the rare earth elements market is high as the extraction process, and subsequent treatment is a complicated process and involves high expenses. In addition, the competitive landscape is subject to increased compliance costs and high exit barriers.

    Rare earth elements market report transcript


    Rare Earth Metals Global Market Outlook:

    Market Overview
    China continues to hold the dominance in rare earths metal market and accounts for nearly 63 percent of the global mine production in 2019. In 2020, the global mine output is expected to decline due to Covid-19 outbreak.

    Sourcing practices
    Short term contracts due to high degree of volatility caused due to Covid-19 outbreak.

    Porter's Analysis on Rare Earth Metals

    Supplier Power

    • The global rare earth elements market is highly consolidated and hence, the bargaining power of suppliers is medium to high. Six state-owned miners of China are holding a major share of the rare earths mining industry, thereby allowing China to keep a strong handle on production

    Barriers to New Entrants

    • The barriers to new entrants is considered high for rare earths market. The process of extracting and subsequent treatment is a complex process and involves high costs
    • The extraction process involves huge environmental cost. Some of the processes use acids for separation and the combustion with high temperatures emit carbon dioxides

    Intensity of Rivalry

    • Intensity of rivalry is medium, due to consolidation in the industry amongst the major players. There is high investment cost for entry, regulations, and high exit barriers
    • The struggle for market share and increased profitability is reflected in price competition

    Threat of Substitutes

    • Rare earth elements have very low substitute threat. Though substitutes are available, they are always considered less effective in many applications

    Buyer Power

    • Buyer power is medium to high, depending on the end-use industry, as the level of demand varies across the industries
    • For instance, the current magnet industry downturn and the weak commodity market provide added advantage to the buyers, in terms of price negotiation