Three Key Trends That Could Impact Rare Earths in 2024
A slew of developments and challenges significantly impacted the rare earth mining landscape in 2023. Rare earth elements or minerals are a group of different metallic elements that have a number of applications, including in consumer electronics, high-technology devices, renewable technologies such as electric cars, and the development of magnets for industrial and national security purposes. The sector experienced a surge of mergers and acquisitions, lower lithium prices, strategic action in the critical minerals sector by China, record gold prices and a challenging period for both nickel and cobalt. Below we look at factors that may affect rare earth minerals…