China’ s Rare Earth Market - November 27, 2023

Details: Category: Tungsten's News; Published on Monday, 27 November 2023 17:43

At the beginning of the week, the overall situation in China’ s rare earth market showed slight improvement.

This is mainly reflected in the temporary stability of neodymium and praseodymium (NdPr) prices, a continued increase in dysprosium and terbium (Dy/Tb) prices, and a slight increase in transaction volume.

In the NdPr market, downstream demand remains relatively weak. However, to avoid the risk of cost inversion and influenced by the strong sentiment of major suppliers in the medium and heavy rare earth market to hold back sales and raise prices, the quotations from large suppliers have remained relatively stable.

In the Dy/Tb market, the recent tentative price increase is a normal phenomenon. Since returning from the National Day holiday until mid to late November, Dy/Tb product prices have been fluctuating downward, with a significant decrease in terbium prices, approximately 13.95%. It is worth noting that investors are currently paying close attention to the market demand situation.

In terms of news, there has been a recent signing ceremony between Chinalco Rare Earth and Shandong University to jointly establish the Institute of Magnetic Materials and Application Technology. In the future, the two parties will continue to deepen applied basic research, further strengthen technological innovation, and collaborate on industry-academia-research cooperation. The goal is to achieve high-level scientific and technological achievements with originality, breakthroughs, and significant impact on industry development in both the academic and industrial sectors. This collaboration aims to promote the high-quality development of both the university and the enterprise.

Prices of rare earth products on November 27, 2023