China Rare Earth Price - June 8, 2022

China rare earth price is partially stable, and some rose slightly in the first half of June 2022. Under the interweaving of many favorable and unfavorable factors, the mentality of light and heavy rare earth traders was slightly different.

It is mainly reflected in the rise in the prices of praseodymium and neodymium products, while the price update of mainstream heavy rare earth products is difficult.

In the light rare earth market, the overall bullish sentiment of reluctance to sell is strong, mainly due to the increase in demand for rare earth functional materials and the lack of spot supply in the market. The main reasons for the increase in market demand are the unblocking of Shanghai and the increase in the speed of logistics and transportation; the main reasons for the difficulty in increasing the spot supply of rare earth raw materials are the extreme weather and the strengthening of environmental protection efforts.

In the medium and heavy rare earth market, the overall market is tepid. Although many stockholders are still willing to maintain firm quotations due to the low stock of raw materials and production costs, downstream users are afraid of heights, resulting in slow growth of orders.

News: Rare earth permanent magnet materials are widely used in the field of wind power. The "Fujian Offshore Wind Farm Engineering Plan" pointed out that the scale of wind power construction will be increased, the new development scale will be 10.3 million kilowatts, and the development of large-scale concentrated contiguous offshore wind power will be continuously and orderly promoted in accordance with the competition allocation rules, focusing on Fuzhou, Ningde and Putian. Offshore wind power projects in regions with better resources, such as Zhangzhou, Pingtan, etc., will steadily advance the far-reaching offshore wind power projects.

Prices of rare earth products on June 8, 2022

Picture of cerium oxide

Follow our WeChat to know the latest tungsten price, information and market analysis.

• < Prev
• Next >