The importance of rare earth elements as the basis in the development of new technologies or the improvement of the used ones, made of a necessity its recovery, besides that from raw materials, from waste materials. In this recovery, Hydrometallurgy and its derivative Solvometallurgy, play a key role due to its operational characteristics, which are emphasized with the use of ionic liquids. The manuscript reviewed the most recent advances (2023 and 2024 years) about the use of ionic liquids in the unit operations (leaching and separation technologies) aimed to the recovery of these valuable and strategic metals. Moreover, a comprehensive review about the use of these chemicals in the development of advanced materials containing some of these rare earth elements is presented.