“…In modern society, rare earth elements (REEs) play an essential role in electric cars, wind turbines, electronics, photovoltaic films, catalysts, glass, ceramics, metallurgy/alloys, etc. These wide and critical applications are based on the unique magnetic, catalyst, and phosphorescent properties of REEs, leading to the high demand of raw REE materials, such as permanent magnets, hydrogen storage alloys, and phosphor powders. − In these materials, a neodymium–iron–boron (NdFeB) magnet is essential in digital electronics and clean energy industry because of its higher maximum energy product than a traditional permanent magnet. , In the leading REE production country, China, praseodymium and neodymium occupy less than 30% of the production but contribute to more than 70% of the benefits. The gap between the high industrial demand for REEs in magnets and their low relative abundance in carbonatite deposits requires new resources of these elements other than traditional REE ores .…”