China Rare Earth Price - July 8, 2022

China rare earth price showed a continuous downward trend in the week ended on Friday, July 08, 2022. Under the interweaving of many favorable and unfavorable factors, the market panic continued to spread, mainly reflected in the weak downstream demand, lack of confidence in suppliers to support prices, and most industry players are bearish about the market outlook.

From the perspective of positive factors, due to the extreme weather and natural disasters, the production capacity release of rare earth smelting and separation enterprises has been limited, and some overseas countries have high geopolitical risks and the new crown epidemic has not yet ended, which makes it difficult for the rare earth import market to heat up, which also makes it difficult for the rare earth import market to heat up. There are not many reasons for the current market spot inventory.

From the perspective of negative factors, firstly, although the sales of new energy vehicles in June were acceptable, the sales of electronic products were not good, which greatly affected the consumption desire of buyers; Users basically maintain rigid needs and beware of the risk of upside down.

Prices of rare earth products on July 8, 2022

Picture of praseodymium oxide

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