Cerium Oxide Price - June 18, 2020

The prices for light rare earth products and heavy rare earth products show different trends in the Chinese market with the impact of COVID-19 reducing trading activity. Cerium oxide price continues to remain stable on June 18, 2020. 

China's Yunnan Province, which borders Myanmar, suspended imports of all resources, including rare-earth ores, from its neighbor in November 2018. It was thought that this move was a crackdown on the smuggling of rare-earth metals into China from mines in neighboring Kachin State and other places in Myanmar, where many Chinese were working.

Rare-earth ores mined in Myanmar contain high concentrations of dysprosium, which is mined in only limited areas in China. Myanmar had become an attractive source for Chinese refiners as its rare metals are traded at relatively low prices due to cheap labor and loose environmental protection.

Prices of rare earth products on June 18, 2020

Picture of cerium oxide

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