China’s Domestic Rare Earth Market - November 12, 2021

China’s domestic rare earth market showed a pattern of mixed fluctuations in the week ended on Friday, November 12, 2021. Under the mutual influence of many positive and negative factors, the mentality of traders was slightly divergent. The suppliers are more aware of selling and expecting further price increase, while the buyers are more willing to hold down prices. 

In the light rare earth market, the market performed strongly. Affected by strong snow and cold waves, the mining difficulty coefficient of rare earth mining companies increased slightly, and logistics and transportation were met with greater resistance, which in turn prompted a substantial increase in the price of praseodymium and neodymium products, but due to downstream users’ purchases The hesitation has increased, and the order growth rate has also been slow.

In the medium and heavy rare earths market, the overall activity is relatively low. Although the prices of dysprosium and terbium products have also risen due to the good price increase of neodymium and praseodymium products, due to the lack of inquiries, the terbium products have risen and fallen. The current industry players are focusing on changes in the political situation in Myanmar and the production status of domestic rare earth smelting enterprises.

Prices of rare earth products on November 12, 2021

Picture of lanthanum oxide

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