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Commodities Briefing - Categorized | Metals and Minerals, Price Watch more

Prices of rare earth metals declining sharply

Posted on 17 November 2011

After nearly three years of soaring prices for rare earth metals, with the cost of some rising nearly thirtyfold, the market is rapidly coming back down. International prices for some light rare earths, like cerium and lanthanum, used in the polishing of flat-screen televisions and the refining of oil, respectively, have fallen as much as two-thirds since August and are still dropping.
Prices have declined by roughly one-third since then for highly magnetic rare earths, like neodymium, needed for products like smartphones, computers and large wind turbines……………………………………..Full Article: Source


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