Lynas sees production restrictions, EV demand driving rare earth prices

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Published: Tuesday, 18 July 2017

Demand for permanent magnets helped support NdPr prices in Q2, the Australian miner says

Electric vehicles and windfarms are driving rare earths demand, while Chinese environmental restrictions leave opportunities for non-Chinese producers, Australian miner Lynas said.

Lynas reported rising prices for neodymium and praseodymium (NdPr) which are used together in rare earth magnets over the three months to June 2017, in results released on July...

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