China Rare Earth Market - September 29, 2021

China rare earth market mixes on September 29, 2021 affected by dual control of energy consumption, the holiday of the National Day, floods, multiple rebounds of the global epidemic, and greater geopolitical risks in various countries. 

According to Chinatungsten Online, due to the tight power supply, rare earth smelting and separation and magnetic material companies in Hunan, Jiangsu, Zhejiang, Inner Mongolia and other regions have stopped production and reduced production, and the normal production time is still uncertain.

News: The National Bureau of Statistics said that in August, the profits of the mining industry and raw material manufacturing industry increased 1.84 times and 39.6% year-on-year respectively; the two-year average growth rate was 58.1% and 36.0%, respectively, and the growth rate was 24.0 and 4.4 percentage points higher than the previous month. Driven by the overall high prices of bulk commodities, the profits of the non-ferrous and chemical industries increased by 98.9% and 66.5% respectively.

Prices of rare earth products on September 29, 2021

China rare earth market image

Picture of rare earth metals

rare earth metals image

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