Rare Earth Metals Production By Country: Top 5 Countries

3. Australia 

Rare Earth Metal Mine Production in 2022: 18,000 metric tons 

Australia is the third-largest producer of rare earth metals, only behind the US and China. The country mined 18,000 metric tons of rare earth metals in 2022, which is a slight drop from the country’s yield of 24,000 metric tons in 2021. This generous rare earth metals output indicates the country’s immense rare earth potential, as its reserves are estimated to be 4.2 million metric tons. Australia’s most prominent rare earth metals mine is the Mount Weld Mine, which has state-of-the-art infrastructure to extract REEs from other minerals. Also, despite having the world’s sixth largest reserves of rare earth metals, Australia’s mining efforts in this sector remain relatively curtailed.