RARE EARTH PRICES HIT TWO-YEAR PEAK AFTER MP MATERIALS STOPS CHINA SHIPMENTS
https://media.zenfs.com/en/reuters-finance.com/ef1a191b3f4c1d0760057a99a6ee724b
✍️ Prices of rare earth elements have surged to their highest in over two years due to a halt in exports from US miner MP Materials to China, amid rising demand.
👉 MP Materials halted exports to China due to rising demand 👉 Chinese price of NdPr oxide has jumped to 632,000 yuan per metric ton 👉 Rally expected to boost prospects for mine projects outside China 👉 West seeks to reduce its reliance on Beijing for rare earth supplies
-- #EricOnstad #AmyLv #RyanCastilloux #NehaMukherjee #EllieSaklatvala #LONDON #BEIJING #China #U.S. #business
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