Global Rare Earth Elements Market Anticipated to Hit $8.14 Billion by 2032 Amidst Rising Demand

Written by Emily J. Thompson, Senior Investment Analyst

Source: Globenewswire

Updated: Oct 01 2025

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EFR-0.18%

USAR+6.02%

MP+8.33%

Should l Buy EFR?

Source: Globenewswire

Rising Demand for Rare Earth Elements: The global market for rare earth elements is projected to grow significantly, driven by increasing demand for consumer electronics, electric vehicles, and environmental concerns, with a market size expected to reach USD 8.14 billion by 2032.
Apex Critical Metals Acquisition: Apex Critical Metals Corp. has acquired mineral rights in the Elk Creek Carbonatite Complex, Nebraska, positioning itself for exploration of rare earth elements, with promising historical drilling results indicating high-grade mineralization.

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Analyst Views on EFR

Wall Street analysts forecast EFR stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for EFR is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

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About EFR

Eaton Vance Senior Floating-Rate Trust (the Trust) is a diversified, closed-end management investment company. The Trust’s primary investment objective is to provide a high level of current income. The Trust may, as a secondary objective, also seek the preservation of capital to the extent consistent with its primary objective. The Trust holds investments in a range of sectors, such as software, health care providers and services, machinery, chemicals, commercial services and supplies, information technology (IT) services, capital markets, hotels, restaurants and leisure, specialty retail and professional services. The Trust invests in floating-rate loans, asset-backed securities, corporate bonds and others. It has investments in the United States, Europe (excluding the United Kingdom), Northern America (excluding the United States), the United Kingdom and Asia/Pacific (excluding Japan). The Trust’s investment adviser is Eaton Vance Management.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.

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ENERGY FUELS SET TO PURCHASE AUSTRALIAN STRATEGIC MATERIALS FOR NEW "MINE-TO-METAL & ALLOY" RARE-EARTH LEADER

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Energy Fuels Acquisition: Energy Fuels has acquired Australian strategic materials to enhance its capabilities in producing rare earth elements.
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Energy Fuels Plans 6,000 tpa Rare Earth Production to Restore US Supply Chain

Jan 15 2026PRnewswire

Expansion Plan: Energy Fuels is set to expand its rare earth processing capacity at the White Mesa Mill in Utah, targeting an annual production of 6,000 tons of NdPr, 240 tons of Dysprosium, and 66 tons of Terbium, which is expected to meet 45% of U.S. rare earth demand and significantly enhance domestic supply chain stability.
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Eaton Vance Announces Multiple Fund Distribution Plans

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Distribution Announcement: Eaton Vance announced multiple fund distribution plans on December 1, 2025, with the California Municipal Income Trust (CEV) declaring a distribution of $0.0500 per share, indicating the company's ongoing commitment to stable income generation.
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