China Rare Earth Prices - November 30, 2022

China rare earth prices are generally arranged within a narrow range on November 30, 2022. Affected by many uncertain factors, the market trends of light and heavy rare earths are slightly different, that is, the light rare earth market is stable and strong, and the heavy rare earth market is weak.

In the light rare earth market, the price of praseodymium and neodymium rose slightly, mainly due to the increased enthusiasm of downstream users for inquiries and purchases and the limited release of production capacity of light rare earth manufacturers. In the medium-to-heavy rare earth market, there is generally a pattern of price but no market. Although supported by production costs and the development of emerging industries, many suppliers still have a strong offer mentality, but it is still difficult to offset the downstream demand caused by the poor global economic situation. Minimize damage to the market.

In terms of news: According to Inner Mongolia Daily, from January to September 2022, the rare earth high-tech zone has signed a total of 134 industrial projects and 48 rare earth projects under construction, with a total investment of 12.2 billion yuan. The number of projects under construction and the total investment are the highest in history. 11 new major projects worth more than 100 million yuan have been started, with a total investment of 9.18 billion yuan; the total industrial output value has reached 82.84 billion yuan, a year-on-year increase of 63.8%.

Prices of rare earth products on November 30, 2022

Picture of erbium oxide

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

• < Prev
• Next >