Rare earth prices rebounded in July usher rapid rise of some varieties

After two years of rare earth market downturn finally ushered thaw, rare earth prices in July ushered in a big rebound, some species even retaliatory up. August 6 released the latest statistics show that in July 2013 the nonferrous metals industry commodities rose to 9.59 percent. Specifically, the colored plates sequential increase of 16 kinds of commodities, which rose more than 5% of the merchandise total of 10, accounting for the sector to be monitored for 33.3% of the number of commodities; rose three products were Dy alloy (79.31%), dysprosium oxide (78.57%), praseodymium neodymium oxide (25.93%).

Lanthanum, cerium, praseodymium neodymium rare earth is the most common varieties. Thus, praseodymium neodymium oxide prices 26% price increase represents a rare earth sector level.

Rare earth prices is the policy behind the main role. Late June, the main producing areas Ganzhou Rare Earth began to crack down the illegal exploitation of rare earth, traders took the opportunity to push up the market stockpile. It is said that to combat the illegal exploitation of rare earth in the country away. Haitong Securities (11.42,0.12,1.06%), analysts said after the Spring Festival in 2013, Ganzhou, Guangdong Province began to strike hard against the smuggling problem, compared to the past economic sanctions, now mostly involved in criminal level. In addition, when the industry chain upstream profits reunification, private mining impulse is reduced.

In addition, demand for rare earths has improved compared to the same period in 2012 also pushed up prices. Second half of 2012 compared to three percent of the operating rate, currently mostly recovered downstream enterprises operating rate to Qi Cheng levels, mainly in the automotive, air conditioning and electronic fields, etc., in the coming months as a whole more stable downstream demand.


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