Rare Earth Market Trends
As the trend of tight supply in the rare earth market persists, high prices with seemingly no end in sight have have forced some companies to relocate to China, suspend or even halt production.
As the trend of tight supply in the rare earth market persists, high prices with seemingly no end in sight have have forced some companies to relocate to China, suspend or even halt production.
During a high level economic meeting in Beijing, Japanese government and business leaders asked for changes to the Chinese rare earth export quotas. The request fell on deaf ears.
Understanding the rare earth markets can be as confusing as pronouncing the various names of the metals. Made up of 17 different elements, ‘rare earths’ are not actually all that rare in the earths crust. However, the economic viability of the processing of ore make them one of the least mined substances in the world. Understanding the different elements and their uses is essential for taking advantage of this growing market.
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