Trade Disputes and Technological Advancements Impacting Rare Earth Market

  • 📰 OilandEnergy
  • ⏱ Reading Time:
  • 20 sec. here
  • 8 min. at publisher
  • 📊 Quality Score:
  • News: 32%
  • Publisher: 68%

Rare Earths News

Economy,Resources,Demand

Rare earth metal prices have reached near pre-pandemic lows due to oversupply, declining demand, and technological advancements.

Via Metal Miner Month over month, rare earth metals witnessed new price lows not seen since September 2020. While neodymium oxide and praseodymium oxide witnessed the sharpest drop out of all of the components of the Rare Earths MMI Monthly Metals Index, the index fell by 5.08% overall. But with price points nearing pre-pandemic lows, the index may have finally found a bottom following six straight months of declines.

Experts anticipate that rare earth prices will need to grow substantially to support the development of new rare earth projects, which usually require higher prices to be economically feasible, the recent hurdles notwithstanding. Challenges to Rare Earth Metal Prices and Market Recovery An abundance of rare earth metals is one of the main causes of price drops. According to a U.S.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 34. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines