Rare earth prices rebounded sharply round
- Details
- Category: Rare Earth News
- Published on Friday, 12 July 2013 15:58
The last week of June, rare earth prices rebound. Data show that when the week HREE "Dy" weekly gain of 12.7%, light rare side "neodymium oxide, praseodymium" weekly gain of about 10%.
In addition, the North Baotou Steel Rare-earth industry leading companies previously announced that in order to implement the national policy of total control of rare earth minerals, July 1 onwards will dilute subordinate election plant shutdown for six months. The news that the market is expected to stabilize rare earth prices will continue.
Institutions have a different view. Northeast Securities believes that the industry needs to pick up rare earth magnetic signs is still not clear. Before sector showed a larger short-term recommendations focus can really rare earth prices stabilize.
The rare earth prices rebound is not too high, only a short-term trading rare opportunity theme, but magnetics company has long-term investment value.
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