China Rare Earth Price - December 6, 2021

At the beginning of the week, China rare earth price as a whole remained stable and strong. Under the interweaving of most positive and negative factors, the mentality of traders was different, which made quotations difficult and transactions were average.

In terms of positive factors, the Winter Olympics is approaching and environmental protection crackdowns are intensified, which is one of the reasons for the difficult production of rare earth mining enterprises. Coupled with the impact of the cold wave and the continuous spread of epidemics in many places, the release of raw materials is slower; in addition; the accelerated development of the new energy industry and the expansion of the demand for rare earth permanent magnet materials are also a source of motivation for most industry players to be optimistic about the market outlook.

In terms of negative factors, the end of the year is approaching, downstream users have a strong awareness of withdrawing funds and the current raw material prices are still running at a high level, which are the main reasons for the slow growth of orders. In addition, the recovery of some border ports in Myanmar will also help product prices rise again.

News: The "14th Five-Year Plan for Industrial Green Development" proposes that by 2025, the green and low-carbon transformation of industrial structure and production methods will achieve significant results. The output value of the green environmental protection industry will reach 11 trillion yuan, which lays a solid foundation for the peak of carbon in the industrial sector in 2030.

Prices of rare earth products on December 6, 2021

Picture of cerium oxide

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