Commodity Focus: NdPr
BY ELIZABETH FABRI NEODYMIUM and praseodymium – or NdPr for short – has been labelled one of the “biggest blind spots of today’s global commodity market”, but interest is beginning to pick up for rare earth elements with analysts forecasting strong demand to come out of China in the early 2020s. It’s in our mobile phones, the hard disc drive of our laptops and the NdFeB magnets in the electric vehicles soon to be hitting our roads – yet there is still a level of restraint within the investment community towards NdPr. To date, China has been the biggest producer of the rare earths material. But an emerging group of ASX-players were now getting attention, as the NdPr price increased…