Chinese Rare Earth Prices - March 20, 2023

At the beginning of the week, most Chinese rare earth prices continue to decline on March 20, 2023, but the decline has been reduced compared with the previous period, mainly due to the continuous introduction of favorable policies and the gradual increase in production cost support. 

What the industry is currently focusing on is the issuance of the first batch of rare earth mining and smelting indicators in 2023. Favorable policies include the release of "Jiangxi Province's Carbon Peak Implementation Plan" and "Jiangxi Province's Implementation Plan for In-depth Rectification and Standardization of Mineral Resources Protection, Development and Utilization Special Actions", and the issuance of "Chengdu City's Implementation Opinions on Promoting the Development of New Energy Automobile Industry", etc.

News: By 2025, the competitiveness of Chengdu's new energy automobile industry will be significantly enhanced, the industry scale will exceed 150 billion yuan, the output will reach 250,000 vehicles, the industry's zero-to-zero ratio will increase to 1:1, and the utilization rate of vehicle production capacity and local supporting facilities for enterprises will increase. Increase the rate to over 70% and 50% respectively; strive to have 800,000 new energy vehicles and 80% electrified vehicles in the public sector; build 3,000 charging and swapping stations and 160,000 charging piles.

Prices of rare earth products on March 20, 2023

Picture of lanthanum oxide

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