Rare Earth Prices - July 11, 2022

At the beginning of the week, the overall focus of domestic rare earth prices shifted significantly, and the prices of praseodymium, neodymium, dysprosium and terbium products fell the most, mainly due to their large increase in the early stage, the general low sentiment of downstream users to receive goods recently, and some industry players being bearish about the market outlook. 

However, supported by the production cost, limited increase in the supply of rare earth raw materials and the good development prospects of the new energy industry, most stockholders still have a strong sense of firm quotation.

News: In the first half of 2022, Youyan New Materials expects a net profit of 185 million to 200 million yuan attributable to the parent, a year-on-year increase of 30%-41%. The main reason for the change in performance is that in the first half of 2022, the production and sales of integrated circuit targets and rare earth products in the main products increased, which led to the growth of the company's overall efficiency.

Prices of rare earth products on July 11, 2022

Picture of cerium oxide

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