Rare earth metals or rare earth elements are a collection of seventeen chemical elements located at the bottom of the periodic table. They are key elements in the manufacture of high technology components, hybrid cars, solar panels, lasers, electronics, etc.

As of 2010, China produced 97% of the total world production of rare earths, or 130,000 metric tons, followed by India (2%), Brazil (0.42%), and Malaysia (0.27%).

The estimated demand for rare earths for 2015 will increase 54% compared to the demand in 2010.

Source: GOOD: Infographic: The Future Global Supply of Rare Earth Elements

See also: IndexMundi: Commodities Glossary – Rare Earth Metals