Rare earth prices continued to decline without hardly improved policy support

Recent demand for rare earth terminal deserted, prices continued to slightly lower, according to the business community data show that nearly a month of heavy rare earth oxide, dysprosium prices fell 5.8%, the light rare earth neodymium oxide, praseodymium down 4.8%. Analysts said support, purchasing and storage of rare earth price absence of such policies can hardly be improved, will continue to maintain the decline.

According to the spot market price data show that in late May dysprosia market average of about 1.7 million yuan / ton, down to about 1.6 million yuan / ton; oxide, praseodymium, neodymium late May the average price of about 330,000 yuan / ton, the current transaction price of about 315,000 yuan / ton, and fewer businesses inquiry, transaction deserted.

Notice on clear specification of rare earth resources, recycling projects Ministry recently issued, said resolutely correct the "recycling of resources" in the name, illegal approval of projects and engaged in rare earth rare earth smelting separation production. From the second half of this year, the Ministry of rare earth resources in conjunction with the relevant departments will incorporate recycling program management. But on the rare earth market has not formed a substantial positive.

The second half of the rare earth sector investment income mainly relies on the support purchasing and storage policy, if indeed achieve purchasing and storage, will usher in the supply sector contraction brought good news. It is understood that there is still no definite news Shouchu rare.


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