Rare Earth Prices Expected to Drop on New Supply

Reuters reported that prices of rare earth elements are expected to drop further as new supply hit the market and weak demand in China pushes exports higher.

As quoted in the market news:

The market has steadied in recent months, but new output from U.S. Molycorp (MCP.N) and Australia’s Lynas Corp (LYC.AX) is likely to pressure prices, especially those of “light” rare earths which are not as scarce as their “heavy” cousins.

Weaker economic growth in China is also weighing on the market since the world’s second largest economy not only produces over 90 percent of global rare earths, but is the biggest consumer of the materials.

Click here to view the full report. 

Get the Latest Rare Earth Investing Stock Information

Get the latest information about companies associated with Rare Earth Investing delivered directly to your inbox.

Rare Earth

Select All Select None

By selecting company or companies above, you are giving consent to receive email from those companies. And remember you can unsubscribe at any time.

Critical-Metals-Investing-Primer-CoverThere is no guide to critical metals investing that is more concise, clear and authoritative. Download this FREE Special Report, Investing in Today’s Critical Metals – Context for Lynas News and Molycorp News.
Comments

Leave a Reply