China Rare Earth Price - September 23, 2022

China rare earth price was mixed in the week ended on Friday, September 23, 2022. The prices of dysprosium oxide and DyFe rose slightly while praseodymium neodymium oxide and metal prices edged lower.

Under the influence of many uncertain factors, the light and heavy rare earth market has a certain divergence, that is, the light rare earth market is uncertain, while the heavy rare earth market is relatively stable.

In the light rare earth market, the price of praseodymium and neodymium products rose significantly at the beginning of the week, mainly due to the increased enthusiasm of magnetic material companies and polishing companies to enter the market, and supported by production costs, most suppliers have a strong sense of quoting; The downstream demand is slow to follow up, and the price of praseodymium and neodymium has been adjusted.

In the medium and heavy rare earth market, the market has not been adjusted significantly. Under the circumstance that the production speed of rare earth manufacturers is average and the downstream users basically maintain rigid demand, the holders basically maintain rational quotations. The prices of most products are relatively stable, but the price of dysprosium has increased slightly.

In terms of news: data from the power industry of the National Energy Administration shows that as of the end of August, the national installed capacity of power generation was about 2.47 billion kilowatts, an increase of 8.0% year-on-year. Among them, the installed capacity of wind power is about 340 million kilowatts, a year-on-year increase of 16.6%; the installed capacity of solar power generation is about 350 million kilowatts, an increase of 27.2% year-on-year.

Prices of rare earth products on Sep. 23, 2022

China rare earth price photo

Picture of lanthanum oxide

lanthanum oxide photo

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