Why Is This Rare Earth Metal 346 Times More Expensive In America Than in China?

Samarium sells for as much as 346 times more in North America than in China, and that price is just a preview of what American industry would pay the day Beijing stops exporting. Jet engines, industrial motors, EVs, wind turbines and medical scanners all run on rare earth magnets, and most U.S. manufacturers still buy theirs from China, at Chinese …

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China has increased its proven rhenium reserves by more than 200% and discovered large deposits of gold and nickel

A reassessment of 17 minerals in China revealed a significant increase in rhenium, gold, and nickel reserves. A new zircon deposit was also discovered. In China, a significant increase in explored reserves of strategic minerals was recorded following a large-scale reassessment of deposits. In particular, rhenium reserves increased by more than 200%, while gold and nickel reserves grew by amounts …

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Citi slashes lithium price forecast by 40% on lower demand

Citigroup has lowered its lithium price forecast for the next two years by as much as 40%, citing slower battery demand growth and increased trade uncertainty, among other broader economic reasons. Citi lowered its lithium carbonate and hydroxide price targets to $12,000 per tonne from $20,000 and 17,000 respectively. It also reduced its spodumene outlook from $2,000 to $1,200.  “With supply …

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