TheLion.com - Forum

Date: 04/22/2012 11:34

Forum: Molycorp - Msg #2432

Thread #673391771 (Rec: 0)

And the cerium just keeps coming

cerium and lanth are mcp's two chief products

'Prices of cerium oxide have been on a prolonged slide since last year when they hit levels of $150/kg – the latest price suggests they’re in the region of $17-20/kg and despite a pick-up in demand there always seems to be plenty of it around with more to come. Traders reckon it could go lower still and one thought $10/kg is possible this year.

Indeed, some industry sources are almost comparing cerium and lanthanum (last heard at roughly $30/kg, but looking bearish) as an annoying by-product of making more profitable heavy rare earths, what to do with all this stuff? That’s an exaggeration – as both do have uses – but constant price drops must bring into question the viability of some of the many projects out there, which rely heavily on light rare earths to be profitable.'

march 21 http://blog.metal-pages.com/2012/03/21/and-the-cerium-just-keeps-coming/

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