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The primary causes of this decline in profits are China's economic problems and other nations' readiness to establish their own supply chains for rare earth elements. China has long held a commanding position as the world's largest producer of rare earths. But the nation's industry ministry recently admitted that rare earths now remain "undersold" and "wasted" as a result of "vicious competition."
https://oilprice.com/Metals/Commodities/Chinas-Rare-Earth-Dominance-Faces-Challenges-As-Global-Supply-Chain-Shifts.amp.html
What a wonderful news. The price of REE has come into balance.
no, the news is china is ****ti itself over re competition.
IMO lying and suppressing prices to try and stop development of new producers and the fact we can operate at their lowest range for a green product really ticks them off. Shame !
Https://sputnikglobe.com/20240504/cold-war-consequences-us-scrambles-for-rare-earth-magnets-produced-in-china-1118258840.html
“I built my own gallows,” said Mitchell Spencer, an engineer with the company who trained Chinese workers at a manufacturing plant in the city of Tianjin.
Another skilful cut+paste Reet,another 50p ?
ReeTech this is a classic example of posting out of context. If the article in the Wall Street Journal is read, it gives a history lesson about how the Chinese came to dominate the Rare Earth Industry, including the quotation "I built my own gallows", by Michell Spencer. He said this in 1998, 26 years ago. The context of the current discussion is how the situation needs to be reversed if security issues are to be avoided, and that it isn't an easy task. BUT THAT IT HAS TO BE DONE.
Mumbles2021
My opinion is that the situation can be reversed by introducing energy-efficient technologies based on new new physical principles in conjunction with chemical technologies. It is not possible to do this with chemical technologies alone (known for a long time).
"known for a long time" another sweeping statement without any verification whatsoever, and how the internet is packed with self verifying sweeping evidence. REEs are going to be massively important for at least 30 years before new technology even has a chance to negate their need. Chinese gutted re Rainbow ? Yup !
Https://australianminingreview.com.au/news/high-quality-mrec-produced-from-yin-monazite-concentrate/
Https://www.miningweekly.com/article/energy-fuels-building-up-its-monazite-supply-chain-for-ree-production-2024-05-06
Mumbles2021,
These publications indicate that the situation is changing for the better.
Think you need to get back on that 'slow boat' mate , no one is listening here. TTFN.
REeeTech, we may have a common line of thought here. there is a consensus from various parts of the ex China industry that RE prices are going the way that uranium has recently. Despite the recent hiccup, almost all market analysis, including Adamas, and Markets and Markets (published May 2024, ie just now) with a base line 0f 2023, are forecasting a 12.6% CAGR until 2030, assuming a base of $60,000/mT for NdPr Oxide, that's $150,000 in 2030. An extract of the report found here. (im not spending $4000 on the full report although i would love to read it) https://www.marketsandmarkets.com/Market-Reports/rare-earth-metals-market-121495310.html?gad_source=1&gclid=Cj0KCQjw_-GxBhC1ARIsADGgDjv96Lx_Frc8vHyBepSxKqVAzQ0Man_caoLcGLj3uX8ZGNr8P4MbJ5gaAjANEALw_wcB