China Rare Earth Price - May 20, 2022

China rare earth price rose early in the week and then turned to fall near the Friday in the week began on Monday May 16, 2022. 

At the beginning of the week, the 16 districts of Shanghai had achieved zero-Covid and the industrial enterprises gradually resumed production, the prices of praseodymium, neodymium, dysprosium and terbium products rose significantly.

According to Chinatungsten Online, in addition to the recent reduction in the output of rare earth production enterprises due to poor weather and environmental protection pressure, many overseas countries such as Myanmar have high geopolitical risks and the continuous spread of the epidemic has reduced my country's imports of rare earth raw materials to a certain extent. It also played a role in boosting the confidence of suppliers to strengthen their quotations. In addition, the gradual recovery of China's port traffic capacity and the gradual increase in the development speed of overseas emerging industries are conducive to the increase in the export of rare earth raw materials.

In terms of news: From January to April 2022, China exported a total of 37,830 tons of rare earths and their products, with an export value of US$1,787.64 million. Among them, the export of rare earth and its products in April was 9,954 tons, down 1.43% month-on-month and up 16.41% year-on-year; the export value was 536.79 million US dollars, up 10.55% month-on-month and up 78.48% year-on-year, mainly due to rare earth raw materials such as praseodymium, neodymium, The prices of dysprosium and terbium products have risen significantly.

Prices of rare earth products on May 20, 2022

Picture of praseodymium oxide

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