China Rare Earth Price - July 14, 2023

China rare earth price showed a trend of falling first and then rising in the week ended on Friday, July 14, 2023.

 At the beginning of the week, under the circumstances that the operating rate of magnetic material enterprises was low, Northern Rare Earth issued an announcement saying that the trading price of rare earth concentrates in the third quarter of this year was adjusted to excluding tax by 20176 Yuan/ton, a decrease of 34.98% from the second quarter and 42.87% from the first quarter, which greatly reduced the confidence of suppliers to stand up prices; and near the weekend, with the strengthening of production cost support and the impact of downstream Supported by the increase in enthusiasm for low purchases, many suppliers' quotations have been tentatively raised.

According to Chinatungsten Online, the price of praseodymium and neodymium oxide this week dropped by about 6,000 yuan/ton, or 1.33%, compared with last week; The price of terbium oxide dropped by about 5,000 yuan/ton, or 1.92%; the price of terbium oxide dropped by about 500 yuan/kg, or 6.58%; the price of dysprosium oxide rose by about 10,000 yuan/ton, or 0.48%; Weekly fell by about 80,000 yuan / ton, a drop of 3.85%; the price of 55N NdFeB rough was flat compared with last week; the price of NdFeB waste praseodymium and neodymium dropped by about 20 yuan / kg, or 4.21% compared with last week.

It can be seen that compared with last week (July 1-July 7), the price decline of rare earth raw materials such as praseodymium, neodymium, and terbium has narrowed this week. The lowest prices of praseodymium neodymium oxide, terbium oxide and dysprosium oxide this week were around RMB 433,000/ton, RMB 7,050/kg and RMB 2,010,000/ton respectively.

News: According to data from the General Administration of Customs, in June 2023, the export volume of China's rare earth products was 5008.9 tons, an increase of 9.4% from the previous month, and the export value was 370 million yuan, a decrease of 33.9% from the previous month; The month-on-month increase was 33.6%, and the import volume reached 1.3 billion yuan, a month-on-month increase of 15.0%.

Prices of rare earth products on July 14, 2023

Picture of neodymium oxide

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