Lynas reports higher rare earth prices as China hunts for ore

By William Clarke
Published: Friday, 24 January 2020

Prices for light rare earth magnet minerals eased in late 2019, but the shortage of heavy rare earth minerals dysprosium and terbium continues to intensify, miner Lynas said on Friday January 24.

Lynas reported slightly lower sales prices for neodymium and praseodymium (NdPr), which are used in rare earth magnets.

Lynas' domestic Chinese NdPr prices averaged $36.20 per kg in October-December 2019, compared with $39.30 a year earlier.   

"The Chinese light rare earth market is currently oversupplied with concentrate...

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