TRU Rare Earth Events & Conferences
TRU Group Inc REE Consultancy Press StatementRare Earth Metals Prices & REE Conferences
TRU Rare Earth Elements price bottoms out
– China monthly data update?
TRU Group Inc, Tucson, USA, Toronto ON, September 12, 2013 – Rare earth metals consultants TRU Group says latest monthly data suggests that REE prices may have reached a low and indeed bottomed-out. Average rare earth prices have levelled off at an estimated $20,000 per t for 2013 following the steep declines in recent years. Attempts by Chinese suppliers to halt the decline in REE prices since mid-2011 has clearly failed - a result earlier predicted by TRU. Latest July 2013 rare earth oxides price weakened further to US$17,700 per t-REO and are below the average for 2010 before the crisis in supply began when China unexpectedly restricted exports. (See accompanying chart). China supplies over ninety per cent of global rare earths and sets REE prices.
"Rare earth metal prices are so low now that profit margins even in China may be unattractive" says Edward Anderson, President of TRU. "China government intervention may yet prove destructive to their own industry!" While the rare earth price outlook is now more certain, prices levels remain a compelling risk factor for new REE projects". (See rare earth price chart / rare earth prices forecast graph above).
TRU Group Inc (trugroup.com) - is a world leader in rare earth element engineering, managing, planning and integrating. The TRU Rare Earth Team has direct hands-on experience in designing, engineering and operating REE facilities. The firm has undertaken feasibility studies and due diligence on major REE projects from resource geology, mineral processing / dressing, RE chemical extraction, oxalate separation and metal refining. TRU Rare Earth Team has technically and financially simulated numerous rare earth engineering options and indeed studied and ranked over seventy of the most advanced rare earth pipeline projects. For more information visit our - Rare Earth Elements & Consultancy Page -
Older TRU Group Inc Press Releases on Rare Earth Elements:
Rare Earth Prices will continue to decline says TRU Rare Earth Consultant
– But the rare earths price outlook remains a high risk factor for developing western REE projects
TRU Group Inc, Tucson, USA, Toronto ON, APRIL 23, 2012– Rare earth metals consultants TRU Group says that recent attempts by Chinese suppliers to halt the six-month old steep decline in REE prices is likely to fail even though the latest february export data for rare earth oxides prices strengthened to US$144,000 per t-REO up significantly over the january figure. Export price levels in 2012 are still more than three times the average for 2010 before the crisis in supply began when China unexpectedly restricted exports. (See accompanying chart). China supplies over ninety per cent of global rare earths and sets REE prices.
"Predicting how far prices will fall and when price-stability will return to the market is complex" says Edward Anderson, President of TRU. "This is a small niche market, not a situation of supply-demand balance alone - even when this analysis is applied to an individual strategic rare earth such as neodymium, dysprosium or praseodymium. For one thing the supply shortages are artificial as they have been caused only by (reversible) Chinese Government market intervention". He said that western REE projects in the pipeline would not only alleviate supply shortages but also have a direct effect dragging down prices. Estimated production costs per t-REO are small compared to market prices and product contribution margins strikingly high. Uncertainty in the rare earth price outlook remains a compelling risk factor for new REE projects, a factor that TRU will be researching further". (See rare earth price chart / rare earth prices forecast graph above).
Anderson announced that TRU will be at the upcoming Rare Earth Summit May 2012 in San Francisco where he will meet industry players. If you would like to meet at this conference please call Edward R Anderson President & CEO, on my cell 1-520-229-7836 or email me personally at: firstname.lastname@example.org
Download This Press Statement (PDF Format)
Upcoming Rare Earth Elements Conferences:
27th RARE EARTH RESEARCH CONFERENCE June 22-‐26, 2014 Reno, NV USA
ERES 2014 1st Conference on European Rare Earth Resources 4 - 7 September 2014
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Strategic Minerals Toronto April 21-22 for the 2nd Annual Technology Metals Summit
International Rare Earths Conference Kowloon Shangri-La Hotel, Hong Kong November 2012
Attendees 5N Plus Belgium S.A. Albemarle Inc Albemarle Chemicals (Shanghai) Co Ltd Altichem AMT & C Group Ltd Auer Remy Gmbh Arafura Resources Avalon Rare Metals Inc BASF China Co Ltd BASF Corporation BASF SE BGR Blue Line Corporation BT Magnet Technologies GmbH Brose China Co Ltd BRP Asia Ltd CEC Rare Earth Corp Cheung On Industrial Ltd China South Enterprises Chuo Denki Kogyo Co Ltd Clariant Catalysts (Japan) K.K. Colotex Co Ltd Commodity Discovery Fund Cutting Edge Holdings (HK) Cytec Industries Inc Dacha Strategic Metals Inc DKKK Dorfner Anzaplan Elkem International Trade Evans Analytical Group FOREM AG Frontier Rare Earths Geologic Resource Partners LLC Geological Survey of Japan Goldman Sachs Great Western Minerals Group Grondmet Hudson Metals Inc Indian Rare Earth Ltd IMCOA Innovation Metal Corp Intercat / Johnson Matthey Kay Investment Limited Lynas Corporation Ltd Matamec Material Trading Company Mekong Investment Ltd MEL Chemicals MERI-J MetalSafe Deposit Met-Chem Consulting Minelco Asia Pacific Limited Molycorp Inc Molycorp Silmet Mount Kellett Capital (HK) Ltd Namibia Rare Earths Inc Neo Material Technologies Inc Neo Performance Materials (Japan) Inc Northern Minerals OSRAM AG OSRAM China Lighting Limited Pacific Industrial Development Corporation Palm Inc Peak Resources Limited Pele Mountain Resources Pentart Industrial Limited Philips Electronics Polaris Rare Earth Materials LLC Polyfer Handels GmbH Polirit OOO Rare Element Resources RCMPA Polishing Technologies Pvt Ltd Rhodia Rare Earths Systems Rittenhouse International Robert Bosch GmbH Salazar Minerals Pty Ltd SG Logistics Limited Shanghai Heli Rare Earth Materials Shin-Etsus Chemical Co Sojitz Corporation SON Minerals Talfain P/L Tasman Metals Ltd Terra Commodities The Anchor House Toyota Tsusho Corporation Toyotsu Rare Earths Corporation Traxys Europe SARL Treibacher Industrie AG TUC Resources TZMI Ucore Rare Metals UDA Investment Umicore AG & Co KG Vale SA Wogen Metal Commercial (Shanghai) Ltd Wogen Resources Ltd Yara International ASA Yinkou Astron Resources Co Ltd ALCONIX(SHANGHAI)CORP. Abeh Pty Ltd ACROPOL Group Advanced Materials Japan Corporation ampi srl Baotou Huamei Rare Earth Products Co, Ltd. Baotou Santoku Battery Materials Co, Ltd. Baotou Steel Rare Earths BaoTou TianJiao Seimi Polishing Powder Co. Ltd. Chalco Rare Earth (Jiangsu) China Chamber of Commerce for Metals, Mineral and Chemicals Importers and Exporters (CCCMC) China Minmetals Group China National Nonferrous Metals I/E Guangdong Company China National Nonferrous Metals I/E Jiangsu Company China Nuclear Energy Industry CorP. China Rare Metals and Rare Earth Co. Ltd. Companhia Brasileira de Metalurgia e Mineracao Core Consultants Cutting Edge Holdings (Hong Kong) Limited D&M Premium Sound Solution Dande Capital Holdings PVT Ltd Dandong Jinlong Rare—Earth CO.,Ltd. Deqing Xing Bang Rare Earth New Materials Co, Ltd. FNArena Ltd Friendship (Asia)Development Co,Ltd. Frontier Rare Earths Gansu Rare Earth New Material Limitid-Liability Company Ganzhou Chenguang Rare Earths New Material Co. Ltd Ganzhou Zhaori Rare Earth New MaterialCo, Ltd. Glenover Phosphate (PTY) Ltd Greenfields Research Ltd. Grirem Advanced Materials Co, Ltd. Guang Dong ZhuJiang Rare Earth Co, Ltd Guangdong Rising Nonferrous Metals Group Co., Ltd. Guangxi Hezhou Jinguang Rare Earth Co. Ltd. Hangzhou Daming Fluorescent Material Co. Hastings Rare Metals HohhotRongxin New Metal Smelting Co,Ltd. Huanyu Industry Co.,Ltd. IK Intertrade & Capital Management GmbH Inner Morgolia Baotou Steel Hefa Rare Earth Co, Ltd. Inner Morgolia Baotou Steel Rare Earth International Trading Co, Ltd. Jiang su Geo Quin Nano Rare Earth Co, Ltd. Jiangxi Golden Century Advanced Materials Co, Ltd. Jiangxi Guangsheng Rare Earth Co, Ltd. JL Mag Rare Earth Co. JV KT Rare Metals Company LLP Kazatomprom Kollmorgen LANXESS Deutschland GmbH Luzu Technology Co., Ltd Magnesium Elektron Material Trading Company Ltd Min Aik Technology Co., Ltd. Mining Ventures Group Molycorp Inc. Molymet Beijing Trading Co，Ltd. Northern Minerals Ltd OSRAM (China) Lighting Ltd Peak Resources Limited POLIRIT OOO Qingyuan Jiahe Rare Earth Co, Ltd. Rare Earths & Minerals S.A. Resource Capital Funds Rhodia China Co.,Ltd Ruiqi Metals (Beijing) Co., Ltd. Shanghai Fenghong Industry Co, Ltd. Sinosteel Trading Co, Ltd. Sparky Group TE Connectivity TM4 Inc. TSG Israel Uda Investments Co,Ltd. WD Media (Malaysia) Sdn Western Digital Corp. Western Digital Malaysia Xinfeng Baogang Xinli Rare-earth Co,Ltd. Xuzhou Jinshi Pengyuan Rare Earth Material Factory Yixing Xinwei Leeshing Rare Earth Co, Ltd. Yiyang Hongyuan Rare Earth Co, Ltd. Zi Bo Jiahua AMR Co,Ltd