China Rare Earth Prices - April 9, 2021

China rare earth prices were mixed in the week began on Monday April 5, 2021 under the intertwining of positive and negative factors. In addition, market transactions were hardly concluded. 

In the light rare earth market, the trading atmosphere on the market was slightly quiet. Offers of mainstream products in the early stage were increased sharply, resulting in downstream users to become afraid of high prices in the near future. In addition, the advantages of high-tech industry development expectations are gradually fading, and buyers are more cautious about consumption and thus keeping reasonable inventory. However, supported by costs, rare earth mining companies are reluctant to cut prices.

In the heavy rare earth market, new orders were limited, and both buyers and sellers basically kept rigid transactions. The price of terbium products has fallen all the way, while the price of dysprosium products has moved upward. Recently, the central environmental protection supervision work has been fully launched, which has caused some heavy rare earth companies to reduce production or stop production. Therefore, the supply of some products may still be in a tight state in the short term.

Prices of rare earth products on April 9, 2021

China rare earth prices image

Picture of neodymium oxide

neodymium oxide image

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