Why Are Rare Earth Stocks Falling When Prices Keep Rising? | EN590 Commodities
EN590 Commodities GroupMarket Analysis October 21, 2026
GM to Add Hybrids as U.S. Gasoline Holds Above $4 The leading economics blog online covering financial issues, geopolitics and trading. Here is a question that should be harder to answer than it is: China still controls the rare earth spigot, the latest Trump-Xi summit did nothing to loosen its grip, Japan is about to run out of yttrium, Washington has put a $110/kg floor under NdPr, and Western buyers are paying anywhere from 5x to 346x the Chinese price for heavy rare earths. So why are rare earth stocksdownon the year? That is the question Canaccord's critical minerals team led by Reg Spencer asks in an overnight note titled "Rare Earths: Equity disconnect from strong market fundamentals", and the answer is blunt: We have been tracking the rare earth theme sincelong before China started
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