US-based investment bank Dalhman Rose has said that it expects rare earths prices will remain range-bound at current levels for the next 12-18 months.
The bank attributes the constriction in price movements to the imminent arrival of an additional 30,000 tonnes annually of rare earth oxides on what is currently a 135,000 tpa world market.
US rare earths producer Molycorp and Australia’s Lynas Corp. are set to be chiefly responsible for the increase in supply, the bank said.
Molycorp will bring between 8-10,000 tpa, and Lynas a further 10,000...