The price of rare earth praseodymium - used in magnets for EVs, smartphones and military equipment - has more than doubled over the past 14 months to about $102 a kg. Neo produces rare earth metals, alloys and magnets in North America, Europe and Asia. but my word of caution is that the industry should be very careful not kill the goose that laid the golden egg," he told Metal Events' 17th International Rare Earths Conference this week. "At today's prices everybody makes money.
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