China Rare Earth Price - August 5, 2022

China rare earth price showed a continuous overcast pattern in the week ended on Friday, August 05, 2022. The prices of praseodymium neodymium oxide and praseodymium neodymium metal dropped from 830,000 yuan/ton and 990,000 yuan/ton to 760,000 yuan/ton and 940,000 yuan/ton, respectively.

Prices of terbium oxide and dysprosium oxide dropped from RMB 14,000/kg and RMB 2,350,000/ton to around RMB 13,800/kg and RMB 2,320,000/ton respectively. In addition, under the circumstance that the selling price of rare earth raw materials continues to decline, the market activity has not seen a significant increase.

According to Chinatungsten Online, the main reasons for the long-term low sentiment in the rare earth market are: high geopolitical risks in various countries, high inflation and slow growth in the global economy, restraining the rise in rare earth prices to a certain extent, coupled with the During the off-season of traditional consumption, the demand of downstream users decreases, which makes it difficult for rare earth prices to rise.

However, CITIC Securities said that in the second quarter of this year, the profits of rare earth-related companies may maintain a high growth momentum year-on-year and month-on-month. Under the strong support of supply and demand and policies, the price of rare earths may rise steadily in 2022, and the volume and price will rise. Continued to exceed expectations. According to Frost & Sullivan's forecast, the output of rare earth permanent magnet materials in my country and the world will reach 284,000 tons and 310,000 tons respectively in 2025. It is expected that the global supply of high-performance NdFeB will be mainly concentrated in China in the future.

Prices of rare earth products on August 5, 2022

China rare earth price photo

Picture of neodymium alloy

neodymium alloy photo

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