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Rare earths market subdued

01 December 2009


Markets slow as seasonal uptick in electronics sales passes

Keywords: rare earths, neodymium oxide, praesodymium oxide, magnets

The market of key rare earths used in magnets and electronics has slowed in past weeks as demand from a seasonal uptick in sales of electronics peters out.

 

Over the last month prices for neodymium oxide (99%, bulk, FOB China), a necessary component in new magnet technology used in computer hard drives, increased 11% to $16.10/kg.








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