Rare Earth Prices - June 13, 2019

Rare earth market quotation in China: domestic rare earth prices continue to keep firm, especially for rare earth permanent magnets. Two-thirds of the rare earth magnets in the United States come from China, according to the data released by Citibank; the new energy vehicles industry is expected to be good. So the industry participants are optimistic about the outlook and thus prices continue to rise steadily, but actual transactions seem not increase as much as the prices. 

Due to trade disputes, the market is worried about limited supply, and the price of rare earth will rise sharply. The trading volume and amount of funds of the world's largest rare earth ETF are increasing. Since May, the trading volume of rare earth ETFs has risen sharply. In May, the transaction volume reached 21 million in a single month, 17 times from April. The volume has exceeded 3.7 million since. As the tension between Sino-US trade disputes began to intensify, the ETF has risen by 7.8% since May 20. 

Prices of rare earth products on June 13, 2019

Picture of praseodymium oxide

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