China’s Domestic Rare Earth Price - December 1, 2021

China’s domestic rare earth price fluctuated within a reasonable range as a whole in the first trading day in December, 2021. Affected by many uncertain factors, the price increase of products such as neodymium praseodymium and terbium dysprosium has slowed down, but the transaction is fair.

In the light rare earth market, the overall bullish sentiment is still strong, mainly due to the serious imbalance between supply and demand and the support of the continuous introduction of favorable policies. From the supply side, factors such as the advent of winter, the increase in environmental protection crackdowns and the rebound of the epidemic in Inner Mongolia Autonomous Region are very significant. To a certain extent, it hinders the production of rare earth-related enterprises, thereby reducing output; from the demand side, the demand for neodymium praseodymium oxide in the new format is strong. It is estimated that by 2025, the demand for neodymium praseodymium oxide in the new format will exceed 80,000 tons.

In the medium-heavy rare earth market, the increase in transaction volume was mainly due to the traditional peak consumption season and the news of the opening of the gate in Yunnan. In addition, the difficulty in increasing the supply of domestic ion ore also stimulated the desire of downstream users to purchase in advance. However, due to the border between China and Myanmar, the impact of the port plan to resume customs clearance has increased resistance to rising prices of mainstream products.

Prices of rare earth products on December 1, 2021

Picture of cerium oxide

Follow our WeChat to know the latest tungsten price, information and market analysis.

• < Prev
• Next >