China Cerium Oxide Prices - May 8, 2020

The neodymium oxide, lanthanum oxide and cerium oxide prices maintain stability in China as the coronavirus is getting better and better in foreign countries. 

There is no obvious fluctuation in the light rare earth market. With the impact of coronavirus and long holiday of May Day, upstream smelting companies generally reasonably control the release of production capacity, resulting in resource shortages in some products after the holiday. In the medium and heavy rare earth market, market prices are sideways, and negotiations between traders are still conspicuous. Some players expect the short-term market to continue to maintain weak and stable operations.

Recently, Northern Rare Earth released an announcement that the company achieved operating income of 18.092 billion yuan in 2019, an increase of 29.65% year-on-year; net profit attributable to shareholders of listed companies was 616 million yuan, an increase of 5.57% year-on-year, and basic earnings per share was 0.1697 yuan. Among them, the company's sales of rare earth oxides and rare earth metals were 13,100 tons and 12,900 tons, down 4.96% and 0.53% year-on-year, but the sales of rare earth salts reached 66,000 tons, a year-on-year increase of 96.54%.

Prices of rare earth products on May 8, 2020

Picture of cerium oxide

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