Magnet Rare Earths Prices Moving Higher on Increased Demand

Ryan Castilloux: Magnet Rare Earths Prices Moving Higher on Increased Demand1

Monday March 9, 2015, 4:35pm PDT
By Teresa Matich2+3 - Exclusive to Rare Earth Investing News4

At this year’s PDAC5 conference in Toronto, Ryan Castilloux, founding director and industry analyst at Adamas Intelligence, took a few minutes to share his thoughts on the rare earths market in 2015.

Castilloux touched on his predictions for rare earths prices, specifically giving his thoughts on several heavy rare earths prices. Specifically, he stated that his predictions for increases in dysprosium6 prices and in terbium prices are holding up well so far in 2015 and added that the gap is closing between neodymium7 prices and praseodymium prices. He cited increased demand from magnet manufacturers as one of the drivers behind those gains.

The analyst also talked about rare earths demand and rare earths companies outside of China, admonishing end users to get more serious about securing a conflict-free rare earths supply.
“I believe that end users need to collectively embrace a long-term view on sourcing rare earth supplies,” he said. “They need to align with producers that are mining and processing rare earths in a manner that does not conflict with the corporate, social and environmental standards that these big end users themselves promote.”

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