17.02.2015 - Lower prices spur rare earths consumption, supply remains constrained – USGS
Lower rare earths prices and the increased availability of rare-earth compounds led to increased US consumption in 2014, the US Geological Survey (USGS) has found. However, in its latest mineral commodity summary for the abundant group of 17 elements composed of scandium, yttrium and the lanthanides, the USGS noted that increased domestic output of separated rare-earth products was hampered by technical difficulties in the ramp up of new production capacity. Despite increased global demand for rare earths in the permanent magnet and catalyst industries, prices for most rare-earth compounds declined in 2014 owing to an excess of inventory in the market, the organisation said...............................................Full Article: Source
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