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Why August’s rare earths price index shot up

Posted on 09 August 2013

The monthly Rare Earths MMI took the biggest jump of any of the index readings, moving from a paltry 29 in July to 37 in August, on the back of big upward price movements for all 14 metals and oxides that comprise rare earth metals index.
Dudley Kingsnorth, a noted rare earth metals analyst, attributes the improved rare earth price levels to several factors including: rising demand for automation technology (and the rare earth metals that support it, such as: neodymium, dysprosium, europium and cerium), as well as China’s stop to new mining exploration within China and a curb on mining licenses………………………………………..Full Article: Source


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