Ryan Castilloux Forecasts Magnet Rare Earths Prices Moving Higher on Increased Demand

Rare Earth Deposits & Mining / Rare Earth Exploration, Mining, Processing, & Uses

Date posted: 03/10/15

Teresa Matich reports that at the PDAC conference in Toronto this year, Ryan Castilloux, founding director and industry analyst at Adamas Intelligence, discussed his predictions for rare-earths prices, specifically giving his thoughts on several heavy rare-earths prices. Specifically, he stated that his predictions for increases in dysprosium prices and in terbium prices are holding up well so far in 2015 and added that the gap is closing between neodymium prices and praseodymium prices. He cited increased demand from magnet manufacturers as one of the drivers behind those gains. The analyst also talked about rare-earths demand and rare-earths companies outside of China, admonishing end users to get more serious about securing a conflict-free rare earths supply. He believes that end users need to collectively embrace a long-term view on sourcing rare earth supplies. He also said that they need to align with producers that are mining and processing rare earths in a manner that does not conflict with the corporate, social and environmental standards that these big end users themselves promote. Finally, Castilloux spoke a bit about Medallion Resources, Pele Mountain Resources, and Texas Rare Earth Resources as companies coming out with new and interesting business models in light of the current rare-earths market. There are countless other examples that are emerging, and he thinks that in 2015 there will be additional projects coming out with plans to scale back their grand ambitions for staged-growth development plans that help de-risk the project for potential investors.