Within two months of rare earth prices soaring stocks look was speculation

August 23, the core application market of rare earth magnetic materials market price of neodymium oxide, praseodymium mostly in the 370,000 yuan / ton, compared with the annual mid-June, the lowest price 250,000 yuan has gained 48%.

Following remediation Ganzhou Rare Earth private mining after August 7th day laborers Ministry and other ministries jointly issued eight decisions on the rare earth mining, production, circulation of illegal acts against a three-month special action. This action not only eight ministries, regulation extended to the whole country, but also from the illegal exploitation of the range investigated illegal mining, smelting mineral source separation is legitimate enterprises, expanding trade enterprises to the legality of the source of rare earth products, and carry out clean-up of waste products of rare earth recycling and comprehensive utilization of enterprises.

Market participants believe that the special rectification actions to carry out in the short term will result in a significant decline in the market supply of rare earth, rare earth prices will form some support. In addition, the fifth Baotou Rare Earth Industry Forum, several reports have mentioned rare earth element management points, the proposed implementation plan Shouchu smooth price fluctuations, there is a strong future purchasing and storage expectations, but "the severity is different."


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