China Rare Earth Market - May 12, 2023

China rare earth market was mixed in the week ended on Friday, May 12, 2023. Under the interweaving of negative and positive factors, the price trends of light rare earth, heavy rare earth and their permanent magnet materials have some divergences, that is, the market of praseodymium and neodymium rises first and then stabilizes, and the market of dysprosium and terbium goes up and down while the NdFeB blank market maintained stable operation.

According to Chinatungsten Online, the positive factors include: first, because the price of rare earths has been weakening in the early stage, approaching the cost line, so in order to avoid the risk of cost inversion, many suppliers have tentatively raised their quotations recently; second, due to the excessive rainfall and environmental protection Influenced by stricter policies, the production of some rare earth smelting and separation enterprises has been disturbed to a certain extent; third, with the transformation and upgrading of the energy structure, the new energy revolution has driven the rapid development of wind power, new energy vehicles, and energy-saving and environmental protection industries, and the rare earth industry has ushered in new opportunities for development.

Negative factors include: First, with the advancement of science and technology, there are more substitutes for rare earths; second, with the continuous expansion of the application range of rare earths and the promising development prospects of emerging industries, the competition in the rare earth industry has become increasingly fierce, which is not conducive to price increases; It is this month that the listing price of rare earths in the north has dropped by a large margin.

Prices of rare earth products on May 12, 2023

Picture of europium oxide

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