Rare earth prices picking up again

The prices of certain rare earth elements (REEs) are soaring again.

From Bloomberg (June 17) – “Rare Earth Prices Double on China, Industrial Minerals Says“:

“Dysprosium oxide, used in magnets, lasers and nuclear reactors, has risen to about $1,470 a kilogram from about $700- $740 at the start of the month…

…Europium oxide, used for its phosphorescent properties found in plasma TVs and energy-saving light bulbs, has risen to as much as $3,400 a kilogram from between $1,260-$1,300”

China’s efforts to gain further control over its rare earth industry (centralize) were partially blamed for the price run-up. Also note that rumors have surfaced that China is putting plans in place to create a strategic reserve for heavy REEs to complement its strategic reserve for light REEs.


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s