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The global rare earth metals market is poised for robust expansion over the next decade. Valued at USD 6.2 billion in 2024, the market is projected to grow at a compound annual growth rate (CAGR) of 10.1%, reaching an impressive USD 16.1 billion by 2034. The year 2024 itself is expected to see a 9.1% year-on-year growth, signaling accelerating momentum.