5 Largest Rare Earth Companies in the World

This brief article will discuss the top 5 rare earth companies’ market cap and working zones. If you want more information about the rare earth mining sector to see which names are leading the pack, read 10 Largest Rare Earth Companies In The World.

5. Energy Fuels (NYSE:UUUU)

Market Cap: $1.01 billion 

Energy Fuels (NYSE:UUUU) is a leading American enterprise that works in uranium mining and has a notable current market cap of $1.01 billion. The company is engaged in uranium extraction, a primary ingredient for the production of nuclear energy, and processes it into natural uranium concentrates.

Major nuclear utilities use these concentrates as they contribute to the generation of carbon-neutral nuclear energy. Energy Fuels has recently broadened its international presence with the acquisition of the Bahia Project, a heavy mineral undertaking located in Brazil. The Bahia Project is in relation to a heavy mineral sand deposit which is a rich source of monazite (a phosphate mineral that contains rare earth elements).

The acquisition has the potential to yield between 3,000 and 10,000 metric tons of natural monazite concentrate annually over several decades. As per Energy Fuels, this extracted material will be dispatched to the company’s White Mesa Mill located in Utah, where it will undergo further processing to be converted into high-purity rare earth element oxides and other related materials. This strategic move will further Energy Fuels’ impact on the supply chain of critical elements for high-tech applications.