Rare earths to be in deficit for 15 years, says Rainbow CEO

Rare earths to be in deficit for 15 years, says Rainbow CEO

A SUPPLY deficit in rare earths was likely to exist for at least a decade even as the US rushes to secure deals for the minerals. “I believe that there’s not going to be enough supply coming into the market in the next 15 years,” said George Bennett, CEO of Rainbow Rare Earths. “Even if new rare earth sources are found in Greenland or in Ukraine, these projects are 20 years away from production.” Rainbow Rare Earths, a UK-listed firm, intends to…