What is the price of rare earth?
Current prices of rare earths
| Commodity | Specification | Price in USD |
|---|---|---|
| Neodymium oxides | 99.5% min EXW China | 48054-48780 |
| Neodymium oxides | 99.5% min FOB China | 48500-49500 |
| Praseodymium metal | 99.5% min FOB China | 103.0-106.0 |
| Praseodymium oxides | 99.5% min EXW China | 56619-58071 |
What is the market for rare earth elements?
The Global Rare-Earth Metals Market size was estimated at USD 4,952.36 Million in 2020 and expected to reach USD 5,595.32 Million in 2021, at a Compound Annual Growth Rate (CAGR) 13.32% to reach USD 10,487.72 Million by 2026.
Which REE mineral is costliest?
Palladium is the most expensive of the four major precious metals – gold, silver and platinum being the others. It is rarer than platinum, and is used in larger quantities for catalytic converters.
What is the most used rare earth element?
One of them is neodymium, because it’s the most important REE used in permanent magnets. The others are heavy rare earth elements (HREEs), including europium, terbium, dysprosium and yttrium.
What’s the cost of dysprosium?
In 2020 the price of dysprosium oxide was 260 U.S. dollars per kilogram.
How much does neodymium cost?
The price of the rare earth oxide neodymium oxide was 49,763 U.S. dollars per metric ton in 2020. By 2030, the price of neodymium oxide is expected to increase to 45,500 U.S. dollars per metric ton.
Which rare earth metals are most valuable?
These are the 10 most expensive precious metals in the world:
- Silver.
- Rhenium.
- Osmium.
- Iridium.
- Ruthenium.
- Gold.
- Palladium. The Second most expensive precious metal in the world is Palladium.
- Rhodium. The title of the most expensive precious metal in the world goes to Rhodium.
What is the price of neodymium?
The price of the rare earth oxide neodymium oxide was 49,763 U.S. dollars per metric ton in 2020. By 2030, the price of neodymium oxide is expected to increase to 45,500 U.S. dollars per metric ton….
| Characteristic | Price in U.S. dollars per metric ton |
|---|---|
| 2020 | 49,144 |
| 2019 | 44,578 |
| 2018 | 49,804 |
How much is neodymium worth?