China Rare Earth Price - July 7, 2023

Details: Category: Tungsten's News; Published on Friday, 07 July 2023 16:17

China rare earth price showed a downward trend in the week ended on Friday, July 7, 2023. Under the influence of weak supply and demand, the trading activity in the market was low and many industry players lacked confidence in the market outlook. In this situation, in order to alleviate the shortage of working capital, the quotations of suppliers were basically lowered.

According to Chinatungsten Online, the price of praseodymium and neodymium oxide dropped by about 20,000 yuan/ton, or 4.26% compared with last week; The price of terbium oxide dropped by about 1,400 yuan/kg, or 15.56%, f; the price of dysprosium oxide dropped by about 210,000 yuan/ton, or 9.17%; The price of dysprosium-iron alloy dropped by about 10,000 yuan/ton, or 0.48%; The price of praseodymium and neodymium, which is NdFeB waste, dropped by about 35 yuan/kg, or 6.86% compared with last week.

It can be seen that the price drop of mainstream heavy rare earth products this week is greater than that of mainstream light rare earth products this week, mainly because the price of dysprosium and terbium has been rising all the way since the beginning of June. In addition, the recent slow follow-up of downstream demand and the downward adjustment of the price of praseodymium and neodymium are also important factors affecting the quotations of dysprosium and terbium holders.

In terms of news: Inner Mongolia Jinghua New Material's annual production of 3,000 tons of rare earth metals and rare earth alloys project environmental impact assessment plans to be approved. The total investment of the project is 18 million yuan, and the environmental protection investment is about 2.55 million yuan, accounting for 14.17% of the total investment; civil construction is expected to start in June 2023, with a total construction period of 12 months; construction content: new production workshops, warehouses, equipment rooms, And related supporting production equipment and facilities and environmental protection facilities.

Prices of rare earth products on July 7, 2023

China rare earth price image