Remediation industry intensified boost rare earth prices rise

By Ganzhou Rare Earth private mining regions of the comprehensive combat boost rare earth prices rebounded sharply beginning in June. In early August, the Ministry of Industry jointly organized eight departments launched a three-month fight against illegal activities in the rare earth industry special action, focusing on covering the mining, smelting, recycling, trade, distribution and other aspects. Expected to accompany the Ministry and other relevant departments to increase the industry's mining, smelting and circulation of remediation efforts, as well as to further expand the scope of application of rare earth, rare earth industry in the production and circulation order as well as downstream demand is expected to be improved to some extent, driven by rare earth prices rebounded strong persistence. From the end of June since the price trend of rare earth, rare earth prices rise situation obvious. With dysprosium oxide or front, for example, in early June the lowest price point, offer 1.13 million yuan per ton, as of August 16 dysprosium offer 2.27 million yuan per ton, or more than 100%; heavy rare earth prices prices also led to the rise in the northern light rare earth oxide, praseodymium neodymium in early June about 240,000 yuan per ton, as of August 16 quoted market price of about 351,000 yuan, or more than 46%.


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