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Cerium

Rare Earths: Critical Minerals for The Energy Transition

Navigating the Cerium Market

Cerium, a light rare earth element, plays a crucial role in various industrial applications due to its unique catalytic and chemical properties. It is extensively used in automotive catalytic converters to reduce harmful emissions, improve the efficiency and longevity of autocatalysts, and prevent the accumulation of precious metals. Beyond automotive uses, cerium is vital in glass polishing, ceramics, steel manufacturing, and solid oxide fuel cells, enhancing performance and durability. It also finds applications in industrial catalytic processes, including the cracking of hydrocarbons and emission reduction in power generation and manufacturing. Additionally, cerium improves military optics and display systems, enhancing battlefield visibility. The cerium market is dominated by producers and refiners in countries like China, the United States, and Australia, with significant contributions from recyclers. The supply of cerium largely depends on its extraction from minerals such as monazite and bastnäsite, making it a pivotal element in the global rare earth landscape. SFA (Oxford) is on hand to help you discover deeper insights into the cerium market, and assist with your strategic decision-making.

An introduction to cerium

Cerium demand and end-uses

Cerium has an essential role in automotive catalytic converters reducing harmful emissions owing to its catalytic properties, and its unique ability to store and release oxygen in the catalytic process, as well as improve the durability and thermal efficiency, stopping the agglomeration of PGMs prolonging the autocatalyst life.

Other applications of cerium include glass polishing and manufacturing (removing fine scratches and improving the surface finish), ceramics and enamels (providing colour, acting as a stabiliser and pacifier, improving the heat resistance and durability of ceramic products), an alloying agent in steel manufacturing (removing impurities and acting to enhance its strength), and used in the electrolytes of solid oxide fuel cells (SOFCs) assisting with more efficient energy conversion due to its ionic conductivity and stability at high temperatures.

As a catalyst, cerium oxide assists in the catalytic cracking of hydrocarbons and the oxidation of carbon monoxide. Its catalytic properties also make it useful in water-gas shift reactions and in the reduction of emissions from industrial processes such as power generation of coal and gas-fired plants, chemical manufacturing, waste incineration, cement production, steel making and glass manufacturing where emissions need to be controlled or minimised.

On the battlefield, cerium enhances displays and optics in Driver's Vision Enhancer (DVE) within the thermal imaging system eliminating blind spots for drivers mounted on combat, armoured and standard security vehicles, as helmet-mounted DVE systems and glass cockpit avionic displays with helicopters and fighter jets.

The Cerium Market
Cerium supply

Cerium is one of the light rare earth elements and is discovered in a variety of minerals, including monazite and bastnäsite, which are primarily mined in China, the United States, Australia, Russia, India, Brazil, Vietnam and Canada. Other mineral sources of cerium span allanite, cerite, loparite, aeschynite, xenotime, synchysite, parisite, thorite, zircon and eudialyte. Cerium production is highly dependent on the concentration of cerium, the presence of other valuable elements, and the overall demand for rare earth elements where higher concentrations are more easily extractable.

Future rare earth oxide (REO) producers
Future rare earth oxide (REO) refiners
Rare earth recyclers

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The Rare Earth markets

SFA (Oxford) provides market intelligence on rare earth oxides (REOs) and their price drivers.

Minor Metals and Minerals

Minor metals play a pivotal role in advancing the energy transition by enabling significant improvements in energy efficiency and the performance of clean energy technologies.

Low Carbon and Future Technology Applications

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Beresford Clarke

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Ismet Soyocak

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Rj Coetzee

Senior Market Analyst: Battery Materials and Technologies

Dr Sandeep Kaler

Market Strategy Analyst

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