China Rare Earth Prices - April 21, 2023

This week, China rare earth prices fell first and then rose. At the beginning of the week, due to the slightly increased supply of rare earth raw materials, the strong sentiment of downstream users to suppress prices and the weak demand, the prices of praseodymium, neodymium, dysprosium, terbium and NdFeB roughs fell. 

As the weekend approached, supported by positive factors such as increased market inquiries, enhanced environmental protection inspections in various places, the upcoming mine closure in the Wa State of Myanmar, Tesla’s rare price cuts, and increased production cost support, suppliers tentatively raised their quotations, but the actual transactions The pace is still slow, so investors should proceed with caution.

In terms of news: On April 17, the Nanjing Inspectorate notified the inspectors in 2022 of the new construction in Jiujiang City, Jiangxi Province, illegally occupying and destroying cultivated land, untrue balance of occupation and compensation, illegal mining of open-pit mines, illegal transfer of mining rights, and Prominent problems such as weak law enforcement and supervision of resources. So in the future, the Nanjing Inspectorate will closely track the progress of Jiujiang's rectification and improvement, carry out supervision and inspection, and promote the implementation of rectification measures to take effect.

Prices of rare earth products on April 21, 2023

Picture of neodymium oxide

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