China Rare Earth Price - March 12, 2021

China rare earth price was in the downward trend in the week ended on Friday March 12, 2021 as downstream users were not willing to purchase products at high prices and required lower prices. that is also the reason for sellers to reduce its offers.

In the light rare earth market, the prices of mainstream products have declined significantly. Although overseas manufacturing has gradually recovered, the excessive increase in the price of raw materials in the early period and the recent increase in the output of rare earth smelting enterprises have caused the receivers to relax their purchasing mentality and operate cautiously; In the medium and heavy rare earth market, the transaction was not as good as expected, and the product price was still at a relatively high position. This is mainly due to the tight supply of raw materials and the unabated demand for rare earths from downstream users.

Prices of rare earth products on March 12, 2021

Picture of cerium oxide

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