TECHNOLOGY

Rare earth growth

THE price of neodymium-praseodymium oxide free on board China has risen 24% in the past month as the Chinese New Year draws closer and buyers fear further price rises due to potential Chinese government stockpiling.

Karma Barndon
97% of global REE goes to China.

97% of global REE goes to China.

NdPr oxide’s price strengthening, at US$53.75 for one kilogram, shows no signs of abating, with demand for the material in such short supply the price is globally expected to grow at 8% each year to 2025...

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