RARE EARTHS:Has a turning point arrived for beaten up rare earths pricing?Despite bringing the stuff required for permanent magnets and other technologies critical to global decarbonisation, and military applications to boot, prices have slumped in recent times from $US150/kg to $US45/kg.It is a market controlled by the Chinese with its biggest producer China Northern Rare Earths accounting for as much as 60% of the global market. But even it can’t make money at these prices.It recently posted a loss for the June half. If it can’t make money at current pricing, then it has to be assumed that Beijing will soon be turning its attention to managing prices higher through its export quota system.
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RARE EARTHS:Has a turning point arrived for beaten up rare...
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