Rare-earth metal prices will skyrocket as Ukraine-Russia tensions continue
The Ukraine-Russia conflict may escalate rare-earth metal prices across key application industries.
Both Russia and Ukraine are important rare-earth metal powerhouses, contributing a significant share in the global market. With ESOMAR-certified Future Market Insights projecting a 6 per cent value CAGR for the global rare-earth metals market until 2031, both countries will likely occupy an important position. However, given the present circumstances, the said forecast may alter significantly.
So if you wondered how your tesla plaid is doing 0-60 in 1.9s, its because of those NdPr magnets. Apparently, Russia and Ukraine are the thirdish biggest producer of rare earths, after China and Australia. How do we play this.
Positions: Tesla Model 3 standard range, Lynas (ASX) shares
Submitted March 04, 2022 at 04:40PM by memerocket_org
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