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Rare Earths Index Rises as Geopolitics Tightens Supply Chains
The Rare Earths MMI (Monthly Metals Index) moved sideways, but gained bullish momentum from the prior month, rising 2.15%. This comes as the rare earths market experienced numerous developments over the past 30 days, including discussions between Malaysia and China to develop new plans for rare earth processing. Notably, this would be limited strictly to Malaysian state-owned enterprises, potentially underscoring geopolitical cross-currents for U.S. sourcing. After peaking in late August, NdPr oxide prices eased slightly this week as some traders took profits. According to SMM, Chinese prices pulled back to the ... (full story)