Chinese Rare Earth Prices - Mar. 10, 2020

Chinese rare earth prices maintain stability on the whole but start to show signs of weakness owing to sluggish demand and low procurement capability. Although downstream magnetic companies have not high willingness in taking goods, prices of light rare earth products dropped nearly to the cost line, which made sellers raised their offers. But the prices of dysprosium and terbium related products started to decline in the heavy rare earth market. 

China ’s rare earth commodity exports totaled 5489.2 tons, a year-on-year decrease of 17.3% from January to February 2020; the cumulative export value was 300 million yuan, a year-on-year decrease of 41.2%, according to the news announced by the General Administration of Customs on March 7.

Prices of rare earth products on Mar. 10, 2020

Picture of praseodymium oxide

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