China Rare Earth Price - May 10, 2021

Details: Category: Tungsten's News; Published on Monday, 10 May 2021 16:42

China rare earth price continues its stability on May 10, 2021 in the face of quiet trading activity of downstream magnetic material enterprises. Most suppliers make offers rationally and market transactions fail to meet market expectations.

However, affected by the recent continuous loosening of the central bank's monetary policy and the optimistic expectations of future global economic recovery, most industry players still have greater confidence in the market outlook.

The United Nations Industrial Development Organization released the 2020 edition of the "Global Manufacturing Competitiveness Index (calculated based on 2018 indicators)". The main concerns about the index are as follows: First, the development of China’s manufacturing industry is improving, and the overall competitiveness advantage is obvious; second, the strong resilience of China’s manufacturing industry has become an important highlight of economic recovery; third, the export structure and product quality of China’s manufacturing industry have improved significantly, but the high-tech manufacturing industry is still insufficient; fourth, the competitiveness of the manufacturing industry in the Asia-Pacific region has improved, and the industrial chain has accelerated.

Prices of rare earth products on May 10, 2021

China rare earth price image