Consumers delay purchasing further and lose confidence in current market. Neodymium metal mainstream prices slide from RMB430,000-450,000/t(USD53,064-72,360/t) last week to RMB410,000-430,000/t(USD49,848-53,064/t) at present.

A source from a smelter in South China claimed that the plant lowers their offer further to RMB430,000/t(USD53,064/t) at the moment. As consumers rely on immediate purchasing, they are under great pressure to conclude deals in bulk. "We have to lower our offer to stimulate deals for the time being." said the source.

"I am pessimistic about the future market," added the source, disclosing that the plant produces around 25 tons of neodymium metal per month.

A source from another smelter in South China noted that buyers are still cartious in rebuilding stocks in bulk. The mainstream prices slide slightly to RMB410,000-430,000/t(USD49,848-53,064/t) at present. "We resume production this month and now it is hard to conclude deals as consumers delay pruchasing further." said the source.

"I heard that some suppliers even sold the material at RMB400,000/t(USD64,320/t) last week," added the source, disclosing that the plant produces around 30tons of neodymium metal per month.

             


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Australian rare earth miner Lynas Corp. announced Monday the promotion of Eric Noyrez to chief executive officer as of March 31.

Noyrez, who was chief operating officer for the last 12 years,  will take over from Nicholas Curtis, who will remain on the board of directors and be responsible for strategy development.

The company said it was a good time for the planned CEO transition to take place following the recent first products coming out of its Malaysia rare earths plant.

Prior to Lynas, Noyrez spent nine years with Rhodia, a French chemical group now part of the multinational Solvay Group. He was head of the its silcea division, which is a major consumer of rare earths. Before that he worked with Shell, managing chemical and industrial businesses, as well as automotive group Peugeot/Citroen.

The Lynas advanced materials plant (LAMP) in Malaysia is the world's largest for rare earths processing.


Rare Earth Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email: sales@chinatungsten.com
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Today, some of the suppliers of rare earths market ajusted the price, the market transactions are in general, industry participants reflect the instability of the recent rare earth market.

It is understood that individual traders today raised the praseodymium neodymium metal tax offer to 410,000 yuan / ton, the tax price of gadolinium oxide increased to 145,000 yuan / ton. The suppliers of the praseodymium neodymium oxide and dysprosium iron also mobilized the price. Previously, the excluding tax price of  the neodymium oxide was 260,000 yuan / ton, and now it's raised to 265,000 yuan / ton. The tax price of dysprosium iron was reported 2.05 million yuan / ton and now raised to 2.1 million yuan / ton. And we all know that as early as last week, the tax price of the praseodymium neodymium metal was 410,000 yuan / ton, and the offer of the  neodymium  praseodymium oxide being of 265,000 yuan / ton excluding tax has been common. Although no significant change has been caught sight of in the actual transaction price, cargo operators insist their offer and the price-holders in the rare earth market increased.

In addition to some high active rare earth metals in the market, like praseodymium neodymium metals, gadolinium and dysprosium, some of the salts of rare earth market still downturn, such as lanthanum, cerium carbonates, chlorides, etc.. According to some traders in Shanghai, the salts of rare earth is more difficult to sell, and the market turnover is not good.  The tax price of cerium carbonate was 24,000 yuan / ton, lanthanum cerium chloride tax price at 17,000 yuan / ton. Rare earth carbonate market tax price is around 30,000 yuan / ton.

                              


Rare Earth Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email: sales@chinatungsten.com
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