Product Code: ETC343856 | Publication Date: Aug 2022 | Updated Date: Aug 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The Ghana Rare Earth Metals Market is projected to witness mixed growth rate patterns during 2025 to 2029. The growth rate begins at -0.04% in 2025, climbs to a high of -0.03% in 2027, and moderates to -0.04% by 2029.
By 2027, Ghana's Rare Earth Metals market is forecasted to achieve a negative growth rate of -0.03%, with Egypt leading the Africa region, followed by South Africa, Algeria, Nigeria and Morocco.
The rare earth metals market in Ghana involves the extraction, processing, and trade of rare earth elements used in electronics, renewable energy, automotive, and defense industries for their unique magnetic, optical, and catalytic properties.
The increasing demand for high-tech products, the growing applications in electronics, renewable energy, and automotive industries, and the adoption of rare earth metals for their unique magnetic and catalytic properties are driving the growth of Ghana rare earth metals market. Rare earth metals such as neodymium, dysprosium, and praseodymium are essential components in magnets, batteries, catalysts, and electronics, supporting technological innovation and sustainable development, thus stimulating market growth.
Challenges in the Ghana Rare Earth Metals Market may include dependence on foreign sources for raw materials, environmental concerns over rare earth mining and processing, and volatility in global rare earth metal prices due to geopolitical factors.
Recognizing the strategic importance of rare earth metals in high-tech industries such as electronics, renewable energy, and defense, the government of Ghana has implemented policies to regulate and support the growth of the rare earth metals market. These policies aim to promote sustainable mining practices, ensure compliance with environmental and safety regulations, and enhance value addition and beneficiation efforts in the rare earth supply chain. Additionally, the government emphasizes the importance of promoting local beneficiation of rare earth resources, facilitating technology transfer and capacity building in rare earth processing, and fostering partnerships with international rare earth producers and research institutions. By fostering a conducive regulatory environment and providing support for innovation and investment, the government seeks to enhance the competitiveness and sustainability of the rare earth metals market in Ghana.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Ghana Rare Earth Metals Market Overview |
3.1 Ghana Country Macro Economic Indicators |
3.2 Ghana Rare Earth Metals Market Revenues & Volume, 2021 & 2031F |
3.3 Ghana Rare Earth Metals Market - Industry Life Cycle |
3.4 Ghana Rare Earth Metals Market - Porter's Five Forces |
3.5 Ghana Rare Earth Metals Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Ghana Rare Earth Metals Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Ghana Rare Earth Metals Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for rare earth metals in high-tech industries such as electronics, renewable energy, and automotive sectors. |
4.2.2 Government initiatives to promote mining and extraction of rare earth metals in Ghana. |
4.2.3 Growing awareness about the importance of rare earth metals in sustainable development and green technologies. |
4.3 Market Restraints |
4.3.1 Limited infrastructure and technology for efficient extraction and processing of rare earth metals in Ghana. |
4.3.2 Environmental concerns and regulations surrounding mining activities. |
4.3.3 Fluctuating global prices of rare earth metals impacting profitability of mining operations in Ghana. |
5 Ghana Rare Earth Metals Market Trends |
6 Ghana Rare Earth Metals Market, By Types |
6.1 Ghana Rare Earth Metals Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Ghana Rare Earth Metals Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 Ghana Rare Earth Metals Market Revenues & Volume, By Cerium Oxide, 2021-2031F |
6.1.4 Ghana Rare Earth Metals Market Revenues & Volume, By Lanthanum Oxide, 2021-2031F |
6.1.5 Ghana Rare Earth Metals Market Revenues & Volume, By Neodymium Oxide, 2021-2031F |
6.1.6 Ghana Rare Earth Metals Market Revenues & Volume, By Yttrium Oxide, 2021-2031F |
6.1.7 Ghana Rare Earth Metals Market Revenues & Volume, By Praseodymium Oxide, 2021-2031F |
6.1.8 Ghana Rare Earth Metals Market Revenues & Volume, By Samarium Oxide, 2021-2031F |
6.1.9 Ghana Rare Earth Metals Market Revenues & Volume, By Dysprosium Oxide, 2021-2031F |
6.1.10 Ghana Rare Earth Metals Market Revenues & Volume, By Dysprosium Oxide, 2021-2031F |
6.2 Ghana Rare Earth Metals Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Ghana Rare Earth Metals Market Revenues & Volume, By Permanent Magnets, 2021-2031F |
6.2.3 Ghana Rare Earth Metals Market Revenues & Volume, By Metal Alloys, 2021-2031F |
6.2.4 Ghana Rare Earth Metals Market Revenues & Volume, By Glass Polishing, 2021-2031F |
6.2.5 Ghana Rare Earth Metals Market Revenues & Volume, By Glass Additives, 2021-2031F |
6.2.6 Ghana Rare Earth Metals Market Revenues & Volume, By Catalysts, 2021-2031F |
6.2.7 Ghana Rare Earth Metals Market Revenues & Volume, By Phosphors, 2021-2031F |
6.2.8 Ghana Rare Earth Metals Market Revenues & Volume, By Others, 2021-2031F |
6.2.9 Ghana Rare Earth Metals Market Revenues & Volume, By Others, 2021-2031F |
7 Ghana Rare Earth Metals Market Import-Export Trade Statistics |
7.1 Ghana Rare Earth Metals Market Export to Major Countries |
7.2 Ghana Rare Earth Metals Market Imports from Major Countries |
8 Ghana Rare Earth Metals Market Key Performance Indicators |
8.1 Percentage increase in investments in rare earth metal mining projects in Ghana. |
8.2 Adoption rate of sustainable practices and technologies in rare earth metal mining industry in Ghana. |
8.3 Number of new partnerships or collaborations between Ghanaian mining companies and international rare earth metal buyers. |
9 Ghana Rare Earth Metals Market - Opportunity Assessment |
9.1 Ghana Rare Earth Metals Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Ghana Rare Earth Metals Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Ghana Rare Earth Metals Market - Competitive Landscape |
10.1 Ghana Rare Earth Metals Market Revenue Share, By Companies, 2024 |
10.2 Ghana Rare Earth Metals Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |