The Global Yttrium Market was valued at USD 432.1 Million in 2023 and is projected to reach USD 682.5 Million by 2030, growing at a Compound Annual Growth Rate (CAGR) of 6.3% during the forecast period (2024–2030). This growth is being driven by increasing demand for electronic components, advancements in solid oxide fuel cell (SOFC) technology, and the expanding applications of yttrium-stabilized zirconia in energy, aerospace, and medical sectors.

As global industries shift toward advanced materials and sustainable technologies, the focus turns to the key producers who are driving supply chain stability, technological innovation, and material science breakthroughs. In this blog, we profile the Top 10 Companies in the Yttrium Industry—a mix of mining corporations, rare earth specialists, and advanced materials producers shaping the future of this critical mineral market.

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🔟 1. China Rare Earth Co. Ltd.

Headquarters: Beijing, China
Key Offering: Yttrium Oxide, Yttrium Metal, Yttrium Alloys

China Rare Earth Co. Ltd. is the world’s largest integrated rare earth enterprise, with extensive operations spanning mining, separation, and downstream processing. The company maintains significant control over global yttrium supply through its dominant position in China’s rare earth sector.

Sustainability Initiatives:

• Advanced wastewater treatment in rare earth processing

• Research into cleaner extraction technologies

• Compliance with China’s stringent environmental regulations

Download FREE Sample Report: Yttrium Market – View in Detailed Research Report

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9️⃣ 2. Inner Mongolia Nonferrous Mining Co. Ltd

Headquarters: Baotou, China
Key Offering: Yttrium Oxide (Y₂O₃), Yttrium Fluoride

Inner Mongolia Nonferrous Mining operates one of the world’s largest rare earth mines in Bayan Obo, producing significant yttrium as a byproduct of its primary rare earth operations.

Sustainability Initiatives:

• Ecological restoration programs at mining sites

• Investment in waste reduction technologies

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8️⃣ 3. Indian Rare Earths Limited

Headquarters: Mumbai, India
Key Offering: Yttrium Concentrate, Mixed Rare Earth Chloride

Indian Rare Earths Limited is India’s primary producer of rare earth elements, including yttrium, sourced from beach sand minerals and monazite processing.

Sustainability Initiatives:

• Zero liquid discharge initiatives

• Development of thorium extraction processes

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7️⃣ 4. Alkane Resources

Headquarters: Perth, Australia
Key Offering: Yttrium Oxide, Heavy Rare Earth Concentrates

Alkane Resources operates the Toongi rare earths deposit in New South Wales, one of the world’s richest sources of yttrium and heavy rare earth elements.

Sustainability Initiatives:

• Development of the Dubbo Project for rare earth production

• Implementation of dry tailings storage

Download FREE Sample Report: Yttrium Market – View in Detailed Research Report

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6️⃣ 5. Northern Minerals Ltd

Headquarters: Perth, Australia
Key Offering: Yttrium Carbonate, Heavy Rare Earth Concentrates

Northern Minerals Ltd is developing the Browns Range project in Western Australia, focusing on heavy rare earth elements with significant yttrium content.

Sustainability Initiatives:

• Carbon-neutral mining operations target

• Water recycling and conservation programs

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5️⃣ 6. GBM Resources Ltd

Headquarters: Brisbane, Australia
Key Offering: Yttrium Oxide, Dysprosium-Yttrium concentrates

GBM Resources is advancing the Yttria rare earth project in Australia, with significant yttrium and other critical mineral resources.

Sustainability Initiatives:

• Exploration of rare earth deposits with low radioactive elements

• Community engagement and environmental monitoring

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4️⃣ 7. Double Park International Corporation

Headquarters: Hong Kong
Key Offering: Yttrium Metal, Yttrium Alloys, Yttrium Compounds

Double Park International Corporation operates as a global supplier of rare earth products, including high-purity yttrium materials.

Sustainability Initiatives:

• Supply chain transparency initiatives

• Partnerships with end-users in electronics and energy sectors

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3️⃣ 8. Metall Rare Earth Limited

Headquarters: London, United Kingdom
Key Offering: Yttrium Oxide (99.99% purity), Yttrium Fluoride

Metall Rare Earth Limited sources and distributes rare earth materials worldwide, providing yttrium products to various industrial applications.

Sustainability Initiatives:

• Ethical sourcing verification programs

• Quality assurance certifications for industrial applications

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2️⃣ 9. Sichuan Lanthanum Rare Materials Limited

Headquarters: Mianyang, China
Key Offering: Yttrium Metal, Yttrium-Nickel Alloys

Sichuan Lanthanum Rare Materials Limited specializes in the production and distribution of rare earth metals and alloys.

Sustainability Initiatives:

• Implementation of ISO 14001 environmental management

• Research into recycling technologies for rare earth elements

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1️⃣ 10. Chengdu Haoxuan Technology Co. Ltd.

Headquarters: Chengdu, China
Key Offering: High-Purity Yttrium Oxide, Yttrium Stabilized Zirconia

Chengdu Haoxuan Technology Co. Ltd. focuses on the development and production of advanced rare earth materials, including specialized yttrium products.

Sustainability Initiatives:

• Development of energy-efficient production processes

• Collaboration with research institutions on material science

Read Full Report: Yttrium Market – View in Detailed Research Report

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🌍 Outlook: The Future of Yttrium Markets Is Strategic and Diversified

The yttrium market is undergoing significant transformation as geopolitical factors, supply chain considerations, and technological advancements reshape global production and distribution patterns.

📈 Key Trends Shaping the Market:

• Increasing demand for yttrium in solid oxide fuel cells and hydrogen technologies

• Western nations investing in domestic rare earth production capabilities

• Growth in yttrium applications for 5G communications and electronics

• Advancements in recycling technologies for rare earth recovery

Read Full Report: Yttrium Market – View in Detailed Research Report

The companies listed above are not only supplying critical materials—they’re enabling the technological transformation across multiple industries.