China Rare Earth Price - August 11, 2023

This week, China rare earth price fluctuated and rose, mainly due to the reduction in output of some rare earth manufacturers and the slight increase in the enthusiasm of downstream users for inquiries and purchases, but the overall transaction volume was still small. 

The main reason for the difficulty in increasing the spot supply in the market in the near future is that due to the impact of severe weather such as thunderstorms, strong winds, and hail in some areas, the production of some rare earth manufacturers is limited. Business needs have increased.

According to Chinatungsten Online, the price of praseodymium and neodymium oxide this week rose by about 6,000 yuan/ton, or 1.27%, compared with last week; the price of praseodymium and neodymium metal rose by about 10,000 yuan/ton, or 1.72% compared with last week; the price of gadolinium oxide increased by about 6,000 yuan/ton compared with last week, an increase of 2.26%; the price of terbium oxide increased by about 20 yuan/kg, or 0.28%, compared with last week; the price of dysprosium oxide increased by about 50,000 yuan/ton, or 2.17%; the price of dysprosium-iron alloy increased by about 20,000 yuan/ton, or 0.80% compared with last week ; 55N NdFeB rough remained the same as last week; the price of NdFeB scrap (praseodymium and neodymium) rose by about 490 yuan/kg compared with last week, an increase of 3.06%.

News: According to news from China Rare Earth Network, recently, the Hunan Rare Earth New Materials Industrial Park project held a centralized signing ceremony. The total investment of the project is about 10 billion yuan. Grade iron phosphate, high-end rare earth polishing powder, high-performance sintered Nd-B magnets, high-performance bonded permanent magnet materials, and rare earth high-end alloy materials. The park is planned to be constructed in two phases: the first phase (by 2025) will complete an investment of about 2.5 billion yuan, with an annual sales revenue of about 5 billion yuan and an annual profit and tax of about 560 million yuan; the second phase (by 2030) will complete a total investment of about 10 billion yuan The annual sales revenue is about 12 billion yuan, and the annual profit and tax is about 1.5 billion yuan.

Prices of rare earth products on August 11, 2023

Picture of praseodymium oxide

Follow our WeChat to know the latest tungsten price, information and market analysis.

• < Prev
• Next >