The Rare Earths Market in H1 2024: A Recap
As we look back on the first half of 2024, it’s clear that the rare earths market has seen some notable developments. Prices for rare earth elements have fluctuated, with some experiencing increases while others have remained stable.
Demand for rare earths continues to be strong, driven by various industries such as electronics, automotive, and renewable energy. This has led to supply chain challenges, as some countries look to secure their own sources of rare earths to reduce dependence on a few key producers.
In terms of production, some new rare earth projects have come online, while others are still in the development phase. This has the potential to impact the overall supply of rare earths in the market moving forward.
Overall, the rare earths market remains dynamic and complex, with both opportunities and challenges for investors to consider. As we move into the second half of 2024, it will be interesting to see how these trends continue to evolve.