Rare Earths (NdPr Oxide)
Price: US$50.65/kg
% Change: +1.69%
NdPr oxide, the flagship rare earth product linked to permanent magnets used in EV motors, wind turbines and electronics, continues to sit near cyclical lows.
But few producers are making real cash at these prices, with Australia’sLynas (ASX:LYC)still stockpiling uncontracted material at its Malaysian processing plant in the aim of selling it at higher prices later down the line.
But Lynas’ latest move, announcing a $25m investment in a heavy rare earths circuit at its Kuantan facility shows where the market is heading, with Western companies keen to invest early to supply metals like terbium and dysprosium, previously the near exclusive domain of Chinese miners.
DYOR please.
