China Rare Earth Price - April 7, 2023

China rare earth price fluctuated within a narrow range in the week ended on Friday April 7, 2023. Under the interweaving of many positive and negative factors, the price game between buyers and sellers was fierce.

Therefore, it is difficult to update the prices of light rare earth, heavy rare earth, rare earth permanent magnet materials and their scrap, and there are fewer new orders.

According to Chinatungsten Online, the positive factors include: supported by the good production costs and the development prospects of emerging industries, suppliers have a strong sense of raising prices; the continuous introduction of relevant favorable policies is conducive to the recovery of the rare earth market. On April 1, the Ministry of Industry and Information Technology stated that in order to actively expand consumption, it will organize a pilot project for the comprehensive electrification of vehicles in the public sector, study and clarify the follow-up preferential policies such as new energy vehicle purchase tax reductions and exemptions as soon as possible, and support the expansion of new energy vehicle consumption.

Negative factors include: the listed prices of rare earths in the north this month have both decreased month-on-month and year-on-year; the total control indicators for the first batch of rare earth mining and smelting separation in 2023 will increase by 19.05% and 18.31% respectively; the subsidy reduction policy of the new energy vehicles and wind power industries It is difficult to improve the weak demand of downstream users.

Prices of rare earth products on April 7, 2023

Picture of neodymium oxide

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