The last time i check in recent days - NdPr oxide is around US$150/kg. This is quite close to all time high. Yet, despite the price signal - there has not been rampant news of some processors looking to build new oxide processing capacity. Why is that ? And the spot price has remained relatively firm despite for a week or so not - China's ministry has announced a plan to allow 20% increase in domestic rare earth mining production for 2022.
And there is an interesting article on Reuters a few days ago picked up by mining.com.
https://www.mining.com/web/graphic-rare-earth-prices-set-to-keep-on-the-boil-after-sharp-rally/
The most interesting quote - albeit cannot substantiate - is this ..
Gary Gao at data provider Shanghai Metals Market said they expected rare earth prices to remain strong until at least 2025.“Policymakers (in China) think that the current price for REE (rare earth element) oxides is somewhat undervalued,” he told a webinar.
The last time i check in recent days - NdPr oxide is around...
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