China Rare Earth Market - July 6, 2022

China rare earth market is still tepid on July 6, 2022, which is mainly reflected in the low sentiment of traders entering the market, the weak price rise of mainstream products, the sparse actual trading volume, and the low probability of a significant improvement in the market conditions in the short term.

In the light rare earth market, the prices of praseodymium and neodymium products are still adjusted downward, mainly because the price of praseodymium and neodymium products has risen significantly from 2020 to mid-March 2022, which has also significantly enhanced the fear of high prices among downstream users. From the end of the month to the beginning of May, the price of praseodymium and neodymium products declined to a certain extent, but from mid-May to mid-June, it stabilized and rebounded. Therefore, under the background that the price of raw materials is still relatively high, consumers basically maintain the rigid demand to purchase.

In the medium and heavy rare earth market, there is generally a priceless market pattern. Affected by the recent extreme weather and poor market demand, the mining speed of rare earth mining companies has slowed down, which has led to a decline in production. In addition, some overseas countries such as Myanmar rare earth mines Imports are limited, which leads to an increase in market supply.

Prices of rare earth products on July 6, 2022

Picture of metal neodymium

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