Rare earths surge above price floor given to MP Materials

By Eric Onstad LONDON, Feb 18 (Reuters) - Prices of two key rare earths, crucial for making super-strong magnets used in EVs and defence equipment, have rallied on firm ‌demand and bottlenecks in supply, above a ground-breaking price floor provided by the U.S. ‌last year to miner MP Materials. The near doubling of prices over seven months means the U.S. government will not ​have to subsidise MP Materials' output of neodymium and praseodymium (NdPr) as long as it remains above the threshold of $110 per kg ...