Pensana plc (LON:PRE) explores and mines neodymium, praseodymium, and rare earth minerals. The Company’s flagship assets are the Saltend rare earth refinery project in the United Kingdom and Longonjo neodymium and praseodymium (NdPr) Project in Angola.
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Longonjo gains momentum as rare earth prices surge
Recent developments in the rare earth market have seen the price of NdPr oxide rise by over 11% in the last month, reaching RMB 404,500 (US$56,620) per tonne. This increase follows a sustained period of lower