China Rare Earth Market - July 21, 2023

This week, China rare earth market shows a pattern of having price but no market. From the price point of view, supported by the slight increase in downstream inquiries and the strengthening of production cost support recently, the quotations of the holders have increased.

However, in terms of transactions, due to the weak overall demand and the limited room for suppliers to make profits, the growth rate of market orders is slow.

According to Chinatungsten Online, the price of praseodymium and neodymium oxide rose by about 11,000 yuan/ton, or 2.48%, compared with last week; the price of praseodymium and neodymium metal rose by about 15,000 yuan/ton, or 2.78%; the price of gadolinium oxide rose by about 7,000 yuan/ton, or 2.75%;

The price of dysprosium oxide rose by about 190,000 yuan/ton, or 9.09% compared with last week; the price of dysprosium-iron alloy rose by about 180,000 yuan/ton, or 9.00%, compared with last week; It can be seen that the prices of mainstream light and heavy rare earth raw materials rose this week, while the prices of permanent magnet materials were relatively stable.

In the near future, the main factors affecting market demand are: it is currently in the off-season of traditional consumption; the supply of some light and heavy rare earth raw materials is slightly loose.

News: Photovoltaic is one of the important application fields of rare earth materials. According to the China Photovoltaic Industry Association, the forecast for new installed capacity of photovoltaics in 2023 has been raised from 280-330GW to 305-350GW. The main reason for the change is the rapid increase in demand in the Chinese market.

Prices of rare earth products on July 21, 2023

Picture of neodymium oxide

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