Chinese Rare Earth Prices - February 17, 2020

Chinese rare earth prices remain stable on the whole on February 17, 2020 with a slight increase in terbium oxide and neodymium oxide. Firstly, in the context of the continuous fermentation of the epidemic, the northern rare earth market is less affected. Many factories have been operating normally. The supply of raw materials is relatively adequate. 

But the market in the south is greatly affected. There are fewer heavy rare earth smelting companies to resume operations, leading to insufficient supply of mainstream products and a slight increase in prices. Secondly, due to the failure of all logistics companies to start up properly, buyers are slightly cautious in their operations and are afraid to place orders. Market trading is relatively quiet. 

Global mineral resources in 2019 are expected to increase by 11% year-on-year to 210,000 tons (REO). The U.S. mineral output in 2019 is approximately USD 86.3 billion, which is more than USD 2 billion higher than the total revised output in 2018. Among them, the production of important rare earth concentrates in the United States increased by 8,000 metric tons (more than 44%) to 26,000 metric tons, according to the data.

Prices of rare earth products on Feb. 17, 2020

Picture of cerium oxide

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