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Main Forum•Rare Earths Dearth -
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TORONTO (miningweekly.com)
Rare earth element prices are likely going to continue heading upwards, and China, which produces about 95% of global supplies, might halt exports altogether, an industry association warned on Thursday.
"The general consensus is that it (pricing) is going to get worse before it gets better"
Rare Earth Industry and Technology Association (REITA) director Keith Delaney said.
Prices have skyrocketed over the past two years as China drastically curbs exports and the rest of the world scrambles to secure supplies of the metals, used in consumer electronics, electric vehicles and wind turbines.
Delaney, speaking a conference call hosted by US-based Technology Metals Research, said that even with new production coming on stream at Molycorp's Mountain Pass mine in California and Lynas Corp's Mount Weld project in Australia, customers might struggle to secure supplies. Read full article
No wonder ALK has been so strong recently
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