19 January 2010
Rare earth prices surge in Q1 despite China increasing annual export quotas
Keywords: rare earth, neodymium, praseodymium, cerium, magnets, hard drives
Prices of certain key rare earth minerals from China the source of over 95% of world supply have risen sharply since the start of the year due to a shortage of material.
Industry sources reported a surge in prices, especially for the magnetic rare earth materials neodymium and praseodymium, despite a year-on-year increase in the first round of Chinese export quotas for 2010.
Latest prices have been quoted as follow:
Cerium oxide (99%, bulk purchases, FOB China), used for flat panel polish: $4.40/kg, up from $3.2-4.2/kg
Watch out for LYC SP in the near future.
rare earth pricing, page-19
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