Permanent domestic rare earth market recovery helped July rebound

Rare earth prices since 2011 has been a sharp correction, there had been two domestic sizable rebound rate were about 30%, the time span of about two months.

In late June onwards, some rare varieties prices rebound. As downstream demand increases to get the support of an institution may be expected in July will continue to rally.

In late June of this year so far, on behalf of heavy rare earth metal dysprosium, SMM offer 2500-2700 yuan / kg, an increase of 18%, light rare earth oxide, praseodymium representatives, SMM offer 38-39 yuan / ton, an increase of 12%. However, the domestic downstream despite a slight recovery, but demand is still sluggish.

According to the survey, the current downstream enterprises operating rate compared with the second half of 2012, mostly restored to the level of 7 percent, mainly because of cars, air conditioners and electronics permanent markets more stable overall demand in coming months. But even so, it's still difficult to support long rare earth prices rally.

In addition, the domestic inter-provincial corporate reluctant to sell to combat illegal mining is certainly very good for price, but China is still the biggest problem facing the rare earth industry consolidation in the industry.

WTO action against China rare earth is still in progress, the Chinese side to get the low probability of success. This will force China to further accelerate the integration of rare earth concentration of production capacity, thereby forming a price protection mechanism, and only that, the future is more rare earth prices rebounded solidly secure.


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