China Rare Earth Price - November 10, 2021

China rare earth price keeps rising on November 10, 2021 under the influence of continuous favorable policies, tight supply of raw materials, and good development of downstream traditional and emerging industries. However, as the price of rare earth raw materials rises, buyers are not willing to purchase at high prices, leading poor spot liquidity. 

In the light rare earth market, the fundamentals of supply and demand are strong. With the approach of the Winter Olympics, the pressure on environmental protection has increased. Coupled with the impact of the cold wave, the production of rare earth smelting and separation enterprises in the north has become more difficult, which will help the strong offer of mainstream products. In addition, the accelerated development of industries such as new energy vehicles, energy-saving home appliances and wind power has also substantially increased the amount of rare earth magnetic materials.

In the medium and heavy rare earth market, there is an overall pattern of pricelessness. The limited increase of domestic rare earth companies and the hindered import of Myanmar mines have largely supported the confidence of holders to increase prices. However, because downstream users are cautious in receiving goods, the price increase of dysprosium and terbium products is slightly difficult.

Prices of rare earth products on November 10, 2021

Picture of cerium oxide

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