Chinese Rare Earth Price

Chinese Rare Earth Price - July 17, 2023

Details: Category: Tungsten's News; Published on Tuesday, 18 July 2023 09:56

At the beginning of the week, Chinese rare earth price showed a bottoming and rebound pattern, mainly due to the increased enthusiasm of downstream users to purchase at low prices and the enhanced awareness of suppliers to make profits.

According to Chinatungsten Online, the current prices of praseodymium neodymium oxide, gadolinium oxide and dysprosium oxide have broken through the thresholds of 450,000 yuan/ton, 260,000 yuan/ton and 2,100,000 yuan/ton respectively, while the price of NdFeB rough is temporarily stable.

However, traders should operate cautiously due to the previous negative factors in the market, such as the slightly loose supply of some rare earth raw materials and the traditional off-season for consumption. In the short term, most industry players focus on market demand and spot supply.

In terms of news: According to news from the Jiangxi Provincial Public Resources Trading Network, the China Rare Earth Group Innovation Industry Base project plans to invite bids in August 2023. The Science and Technology Innovation Center of China Rare Earth Innovation Industry Base Project covers a total construction area of 70,500 square meters, including 30,000 square meters of technology research and development center (1 building with 8 floors), 7,000 square meters of innovation center (1 building with 3 floors), and 7,000 square meters of industrial center (1 Building 3 floors), comprehensive service building 8,000 square meters (1 building 3 floors), International Academic Exchange Center 8,000 square meters (1 building 3 floors) mainly including architecture, decoration, structure, water supply and drainage, HVAC, electrical, intelligent buildings , prefabricated buildings, civil air defense, sponge city, flood lighting, green building, outdoor municipal and landscape engineering, etc.

Prices of rare earth products on July 17, 2023

Chinese rare earth price image