What is the price of rare earth?

As of the end of 2021, the estimated average price for terbium oxide at a minimum purity of 99.99 percent stood at 1,300 U.S. dollars per kilogram. That was a steep increase compared to the price in the previous year.

Are rare earth metals a good investment?

Despite their abundance, rare earth metals are valuable because they are hard to get, and they are in high demand. Investors can gain exposure to rare earth metals through exploration and processing companies, such as Neo Performance Materials (TSX: NEO) and Freeport-McMoRan (FCX).

Which is the richest source of rare earth?

In 2017, China produced 81% of the world’s rare-earth supply, mostly in Inner Mongolia, although it had only 36.7% of reserves. Australia was the second and only other major producer with 15% of world production.

Which country makes 95% of the world’s rare earth minerals?

China
Major reserves in the world exist in China, California (USA), India, Brazil, Australia, South Africa, and Malaysia. However, China accounts for over 95 percent of the world’s production of rare earths. Therefore, having control of these elements puts China at a powerful position.

How much does neodymium cost per kg?

Neodymium-praseodymium prices are currently just under US$40/kg (A$61/kg), but industry figures estimate it will need something closer to US$60/kg (A$92/kg) to release the capital injections needed to develop projects.

Are rare earth metals expensive?

These and other elements used in rare earth permanent magnets, such as dysprosium, can be quite expensive. Neodymium and praseodymium have been in the spotlight due to more excitement from the electric vehicle space.

What is the rare earth metals index?

This index provides global exposure to the largest firms that are active in the mining and processing of rare earth or strategic minerals. Compared to base metals, rare earth metals have more specialized uses and are often more difficult to mine.

Where can I find price forecasts for rare earths?

Price forecasts and other information can also be found via analyst firms and pricing forums such as Adamas Intelligence, Stormcrow Capital, Technology Metals Research and Asian Metal. Rare earths are used in a range of different technologies, and demand is higher for some than it is for others.

Why are rare earths so expensive in China?

China has such a monopoly on the sector that rare earth elements prices spiked in 2010 and 2011 when the country cut exports. That sparked a boom for rare earths companies and mining projects around the world, as they sought to create a reliable supply of rare earths outside of China.

Who drives rare earth elements prices?

First and foremost, it’s important to know that China is the main driver when it comes to rare earth elements prices and the market as a whole. The country is the world’s leading rare earths producer, putting out over 90 percent of the world’s supply.