Chinese Rare Earth Prices - July 16, 2019

Chinese rare earth prices remain weak adjustment in July. Firstly, the market comes into the off season and inquiry decreases; secondly, most magnetic material enterprises take a watchful stance, making a purchase according to actual needs to control their inventories in a reasonable level; finally, terminal purchasers are not active in buying. 

Affected by the country's restrictions on the import of rare earth minerals, the supply of rare earth raw materials is tight, driving the price of rare earth products to rise. In the first half of 2019, Xiamen Tungsten Industry achieved operating income of 1.076 billion yuan, a year-on-year increase of 5.31%; total profit reached 15,655,200 yuan, a year-on-year increase of 240.54%.

Prices of rare earth products on July 16, 2019

Picture of cerium oxide

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