Rare earth prices continue to rally businesses to benefit significantly

July 15 varieties of multiple rare earth prices continue to rise. Compared with the 12th, on behalf of varieties of light rare earth neodymium praseodymium oxide mainstream manufacturers price rose 7.2% to 295,000 yuan / ton, heavy rare earth dysprosium mainstream manufacturers on behalf of the average price rose 6.6% to 1.625 million yuan / ton. Since since June 20, praseodymium neodymium price has risen 23 percent, dysprosium oxide price has risen 27%.

The industry believes that the main reason for the current round of price increases private mines to rectify, traders hoard goods. With Ganzhou region to combat the "black earth" action in depth, some heavy rare earth prices began to rise from mid-June to the end of June to drive part of the light rare earth prices. Among them, terbium, dysprosium and other heavy rare earth rose more than 20%, praseodymium, neodymium and other light rare earths rose about 10%.

Heavy rare earth prices led, on the one hand is the relevant departments of the rare earth mine strike led many private private mining companies shut down, reducing the supply of rare earth market, rectification initial results; hand is a lot of opportunity among traders reluctant sellers, driving up the price of rare earth ; the third also with the July 2 announcement Baotou Steel Rare Earth decided July 1 onwards, under the thin-election plant shutdown for six months, worried about the impact of raw materials supply.

Considering Ganzhou private mine clearance operations to last four months, rare earth prices may still rise, rare earth enterprises benefit significantly.


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