Rare Earth Market - May 16, 2019

Rare earth market quotation in China: the medium and heavy rare earth prices continued the upward trend. From the 15th, Yunnan Tengchong and the Myanmar border customs began to seal off, completely banned the import of rare earth mines into China, and the specific recovery time has not yet been clarified. 

As the largest source of rare earth imports, China imported about 25,829 tons of medium-heavy-type ore from Myanmar in 2018, accounting for nearly 50% of domestic consumption. The ban on the entry of rare earth mines in Myanmar has led to an increase in the price of related rare earth products, and the market is worried about the supply gap of raw materials.

Prices of rare earth products on May 16, 2019

rare earth market image

Picture of lanthanum oxide 

lanthanum oxide image

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