China Rare Earth Market - December 30, 2022

This week, China rare earth market maintained a relatively strong operation, mainly due to the increase in inquiries from downstream users and the rising awareness of suppliers' profitability. The price of dysprosium and terbium fluctuated within a narrow range. In addition, some industry players lack confidence in the good operation of the market outlook.

According to Chinatungsten Online, the main reason for the increase in market demand is that it is at the time of the change of the month and some magnetic material enterprises have less raw material inventory and need to replenish in time. The main reason for the improvement of suppliers' awareness of profitability is supported by production costs and to reduce the risk of cost inversion.

In terms of news: Baotou Municipal Bureau of Industry and Information Technology stated that focusing on the bottleneck problems faced by the development of rare earth enterprises, giving full play to "solution thinking", Baotou Steel Group, China Venture Capital, and China Finance and Finance Business have conducted in-depth exchanges, and all parties have reached a cooperation intention, and will rely on Baotou City Zhenyu government invests in funds of funds, and recently established a rare earth sub-fund with a total scale of not less than 2 billion yuan to support key enterprises in the rare earth industry chain.

Prices of rare earth products on December 2, 2022

Picture of lanthanum oxide

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