Lynas Says Demand For Rare Earths Very Strong Outside China — Commodity Comment


Source: marketscreener.com marketscreener.com

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Lynas Rare Earths Ltd. on Monday said its fourth-quarter rare earths output was weaker versus the previous quarter because of water outages at its Malaysia operations. Here are some remarks from its quarterly activities report. On rare-earths prices: "During the period, rare earth prices were sustained at recent high levels, especially the NdPr [neodymium-praseodymium] price which remained between 70% and 80% higher than at the same time last year. The average China Domestic Price for NdPr during the quarter was US$120/kilogram." On rare-earths demand: "In the quarter, demand for rare earths for NdFeB [neodymium] magnets inside China weakened impacted, in...