China Rare Earth on daily quotations appear to rise

China Rare Earth offer for the Japanese began to rise. In early August quote dysprosium and neodymium mid-June than recent price about 40% higher. Chinese Government to strengthen the ban illegal mining products, estimated future needs will be further strained.

Neodymium towards Japan Quote As early as 8 around $ 95 per kilogram, up 36 percent compared to June, and some even offer about $ 100 per kilogram. Dysprosium is around $ 700 per kg, 40% higher than in June. Praseodymium neodymium praseodymium mixtures and the prices are rising.

China factory inspection by going to strengthen the illegal exploitation of goods banned, some analysts believe that future supply will be reduced. Chinese magnet manufacturers stepped up purchases, leading Chinese domestic prices, but also reflected on the daily quotations. According to information provided by other Japanese trading companies, the Chinese government's policy is to ban activities will continue until mid-November. But Japan's magnet alloy manufacturers currently adequate inventory, the trend has not yet appeared eager to purchase.

Made in China, the price of rare earth exports to Japan in July 2011 reached a peak of neodymium prices rose to around $ 460 per kg, followed by declining to June this year, less than one-fifth of the time.


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