Neodymium (Nd) and praseodymium (Pr) face “a step change” in demand from ~30ktpa now towards ~100ktpa in 2030 with EVs representing some 80% of the totalNdPr price forecast to peak at $100/kg in 2024 to reflect the “looming deficit and rising supply anxiety,” before returning to ~$70/kg by 2027, a greenfields incentive price. “The NdPr price spiked beyond US$100/kg in 2011 in part due to a reduction in exports from China at that time. This supply shock remains a real risk too.” QUOTE Strong growth into the future for the industry IMO.
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)