Signs of problems developing in the relatively small rare earth market have been noted in Australia, the world’s second biggest source of the elements, and China where over-production to catch high prices of some of the elements hurt the prices for others. Events in the market for exotic material such as praseodymium and neodymium, used to make permanent magnets in advanced aircraft such as F-35 fighters, as well as electric cars, are being matched by developments in financial markets where a rush is underway to develop mines and processing facilities to counter China’s dominance.
onsdag 3. mars 2021
China Shoots Itself In The Rare Earth Foot; Again!
China’s threat to limit the export of rare earths which are essential in a range of technologies, including weapons systems, is starting to have a predictably perverse effect which is pointing to a supply glut and price crash.
Signs of problems developing in the relatively small rare earth market have been noted in Australia, the world’s second biggest source of the elements, and China where over-production to catch high prices of some of the elements hurt the prices for others. Events in the market for exotic material such as praseodymium and neodymium, used to make permanent magnets in advanced aircraft such as F-35 fighters, as well as electric cars, are being matched by developments in financial markets where a rush is underway to develop mines and processing facilities to counter China’s dominance.
Signs of problems developing in the relatively small rare earth market have been noted in Australia, the world’s second biggest source of the elements, and China where over-production to catch high prices of some of the elements hurt the prices for others. Events in the market for exotic material such as praseodymium and neodymium, used to make permanent magnets in advanced aircraft such as F-35 fighters, as well as electric cars, are being matched by developments in financial markets where a rush is underway to develop mines and processing facilities to counter China’s dominance.
