September 2011

Trends and Resources

HP Impact: Rare earths and lubricant demand to grow worldwide

The Freedonia Group has two reports out that will be of interest to Hydrocarbon Processsing readers. The first examines world demand for rare earths, which is expected to grow 7.1% per year to reach 1..

Thinnes, Billy, Hydrocarbon Processing Staff

The Freedonia Group has two reports out that will be of interest to Hydrocarbon Processsing readers. The first examines world demand for rare earths, which is expected to grow 7.1% per year to reach 180,000 metric tons by 2015 (Table 1). The second report addresses the globe’s thirst for lubricants, which is predicted to rise 2.6% a year until 2015, with demand in that year projected to be 41.7 million metric tons.   Rare earths. With demand for rare earths increasing at a 7.1% clip per year, this means that, 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 in battery alloy

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