TrendTrade2016
4 weeks ago
According to the USGS, the United States relied 100% on cesium imports in 2019. It’s hard to get a world market price on cesium because there is no trading of this strategic metal, but according to the most recent Mineral Commodities Summary, one company offered 1-gram ampoules of 99.8% (metal basis) cesium for $63.00, a slight increase from $61.80 in 2018, and 99.98% (metal basis) cesium for $81.10, a 3% increase from $78.70 in 2018.
TrendTrade2016
4 weeks ago
But while there are only three cesium mines in the world, the potential is in new supply. Of five cesium occurrences in Canada’s Ontario province, a small-cap Canadian explorer called Power Metals Corp. (TSXV:PWM) owns 100% of three of them (West Joe, Tot Lake and Marko).
So, the focus now is not on what has been lost to China, but the promise of new North American critical cesium.