<span style="box-sizing: border-box; font-size: 16px; font-family: 'Open Sans', Tahoma; color: rgba(0, 0, 0, 0.87);">A new market analysis reveals a strong growth trajectory for the global </span>rare earth metals recycling market<span style="box-sizing: border-box; font-size: 16px; font-family: 'Open Sans', Tahoma; color: rgba(0, 0, 0, 0.87);">. Valued at USD 258.2 million in 2023 and projected to grow from USD 282.2 million in 2024 to a substantial USD 561.3 million by 2031, the market is set to exhibit a robust Compound Annual Growth Rate (CAGR) of 10.33% during the forecast period. </span>

<span style="box-sizing: border-box; font-size: 16px; font-family: 'Open Sans', Tahoma; color: rgba(0, 0, 0, 0.87);">This significant expansion is primarily driven by increasing demand for rare earth elements in high-tech industries, growing concerns over the environmental impact and geopolitical risks associated with primary mining, and advancements in recycling technologies.</span>