Rare earth elements price October 2024 and outlook (see chart below)
Rare earth elements price index
This post is a summary of the Rare earth elements price developments. The price developments of Rare earth elements are expressed in US$ prices converted FX rates applicable at the time when the price was valid. Rare earth elements price index developments are calculated from multiple separate sources of data to ensure statistical accuracy.
The outlook for Rare earth elements prices is generated from different inputs including:
- Very recent price developments of immediate cost drivers of Rare earth elements prices
- Recent price developments of underlying feedstocks which drive the price of Rare earth elements
- Market futures for both cost drives and feedstocks of Rare earth elements prices
- Adjustment of current supply/demand imbalances in the Rare earth elements market
- Longer term trends in likely demand conditions
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