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Rare earths set for boost

Lithium may still be the talk of energy metals town, but rare earth elements are set for a resurgence in the next 24 months, according to the latest report from an economics group.

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REE prices are set to increase (image: Peggy Greb, US department of agriculture)

While demand remains quiet, production cutbacks and industry consolidation means the market, which is dominated by China, has nowhere to go but up, according to IHS Global Insight’s senior economist