BY DAVID FICKLING
SYDNEY—A global supply deficit of rare earth elements that has driven up prices more than tenfold since 2009 is likely to peak this year and swing into a surplus by 2013, as Western companies start up new mines to compete with the Chinese firms that dominate the market now, Goldman Sachs analysts said Thursday.
The forecast calls into question the sustainability of the current boom in rare earths and the valuations of companies seeking to produce them, whose share prices have soared in tandem with prices of the metals.
Prices of rare earths, a suite of 17 elements with diverse ...
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