China Rare Earth Price - May 30, 2022

At the beginning of the week, China rare earth price generally remains within a reasonable range.

 Although supported by the substantial improvement of the epidemic data in Shanghai and other regions, the improvement in the effect of ensuring smooth logistics and the continuous introduction of relevant favorable policies, suppliers have a strong psychology to increase their quotations, due to the emergence of ion mining news in Ganzhou and the impact of downstream demand follow-up was less than expected, and the price increase of raw materials was slightly difficult.

News: On May 29, Shanghai issued the "Shanghai Action Plan for Accelerating Economic Recovery and Revitalization", including 8 aspects and 50 policy measures. According to the action plan, Shanghai will cancel the approval system for enterprises to resume work and production from June 1, and at the same time introduce a series of policies to stabilize foreign investment, promote consumption and expand investment.

Prices of rare earth products on May 30, 2022

Picture of cerium oxide

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