Lanthanum Oxide Prices - November 29, 2019

Rare earth market quotation in China: the latest prices of lanthanum oxide, praseodymium oxide and praseodymium neodymium oxide mainly remained weak adjustment in the week ended on Friday November 29, 2019 due to heavy wait-and-see atmosphere in the market. 

Surging rare-earth production in China is presenting a new challenge to budding efforts in the US and elsewhere to undercut the Asian giant’s dominance in a market for exotic materials used in everything from smartphones to fighter jets.

China said this month it’s raising its annual mining quota for rare earths to 132,000 tons, 10 per cent above last year’s record high. It’s a move likely to weigh on global prices, dealing a blow to rivals including the US and Australia, countries that agreed just last week to jointly accelerate new projects in a push to diversify the supply chain.

Prices of rare earth products on November 29, 2019

Picture of lanthanum oxide

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