Benchmark launches Rare Earths Price Assessment
Benchmark Mineral Intelligenceis delighted to announce the launch of its latest product,the Rare Earths Price Assessment. This assessment provides comprehensive market analysis and price assessments for four key rare earth oxides: Praseodymium-Neodymium, Dysprosium, Terbium, and Samarium.
The assessment will provide highly anticipated insight into the rare earths industry, a market that is deemed crucial for the world’s energy transition, and adds an additional service to Benchmark’s Rare Earths offering, including the pre-existing Rare Earths Forecast report published every quarter by Benchmark.
Benchmark has been collating prices and analysing market activity over the past months in preparation for the release of this new product. Through direct interaction with active market participants, analysts at Benchmark track and assess transacted prices to gain a diverse perspective of current market activity and the economic factors that are driving price movements and market sentiment.
On a monthly basis, Benchmark will publish the following grades as part of its Rare Earths Price Assessment:
“We are pleased to announce the launch of the Benchmark Rare Earths Price Assessment, which provides prices and insight on the rare earth oxides that are crucial to the energy transition,” said Daisy Jennings-Gray, Head of Prices at Benchmark
“Demand for rare earth permanent magnets in technology such as electric vehicles, consumer electronics and wind turbines is rising rapidly, and as such Benchmark is leveraging its expertise in these markets to provide greater transparency into a market which is dominated by China.”
“Benchmark collaborates with the global rare earths supply chain to ensure Benchmark’s data is the most accurate and reliable in the market, and we remain committed to continually evolving the price risk management tools we provide to the people making key decisions for the energy transition.”
With China currently accounting for 71% of supply, Benchmark’s new Rare Earths Price Assessment service focuses on the domestic Chinese supply chain and will provide much-needed transparency in this opaque market.
As global nations look to diversify supply and shift the market balance away from this regional hub by developing domestic value chains, Benchmark will look to evolve its methodologies to track emerging trading dynamics.
Daniel Fletcher-Manuel, Director of Prices and Data at Benchmark, said “The importance of rare earth elements, which are vital to both renewable energy production and electric vehicle manufacturing, in powering the energy transition cannot be overstated.”
“By deploying the practises behind our industry leading, IOSCO compliant price discovery methodologies and our extensive network, Benchmark’s rare earth oxide prices enable converters, traders and buyers to mitigate supply chain and geopolitical uncertainty, and manage price risk by bringing transparency to opaque markets for the energy transition,” added Fletcher-Manuel
Benchmark Price Assessments
If you would like to provide feedback or become a price submitter for the Benchmark Rare Earths Price Assessment please contact us at prices@benchmarkminerals.com.
We publish weekly and monthly price assessments, to the highest IOSCO standards:
Lithium
Cobalt
Natural Graphite
Synthetic Graphite
Nickel
Cathode
Anode
Lithium Ion Battery Cells
Black Mass
Rare Earths
To speak to our team to learn more about this service and to see a sample price report, please provide your details here:
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