China Rare Earth Price - January 30, 2023

At the beginning of the week, China rare earth price continued to run smoothly as before the Spring Festival, mainly due to the fact that the Spring Festival holiday has just ended, and the upstream and downstream enterprises in the industrial chain have not yet fully resumed normal production and operation. 

However, supported by production costs, the sound development of emerging industries and the continuous introduction of favorable policies, many suppliers still have strong confidence in quotations and have expectations for the market outlook.

In terms of news: The "Notice on the Implementation Plan for Shanxi's Carbon Peak Peak" proposes that by 2025, the proportion of non-fossil energy consumption will reach 12%, the proportion of new energy and clean energy installed capacity will reach 50%, and the proportion of power generation will reach 30%; In 2025, the installed capacity of wind power and photovoltaic power generation will reach about 80 million kilowatts, and in 2030 it will reach about 120 million kilowatts.

Prices of rare earth products on January 30, 2023

Picture of erbium oxide

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