Analysis of China's Rare Earth Prices in December 2023

Analysis of China's Rare Earth Prices in December 2023

According to information obtained by Chinatungsten Online, the price trend of rare earth products in China in December 2023 showed weakness. 

Specifically, the prices of Praseodymium and Neodymium (PrNd) experienced a fluctuating downward trend, with prices at the beginning of the month higher than those at the end. However, towards the end of the month, some suppliers increased their quotes due to the significant production costs and increased downstream restocking enthusiasm. It is noteworthy that the listing price of Northern Rare Earths remained unchanged on a month-on-month basis but decreased compared to the same period last year.

In the medium and heavy rare earth market, represented by Dysprosium and Terbium products, the price trend showed a slight increase at the beginning of the month followed by a decline. At the start of the month, Dysprosium and Terbium prices continued a mild upward trend from late November. In the middle of the month, influenced by factors such as slow downstream demand and poor performance in the light rare earth market, supplier quotes remained relatively stable. Towards the end of the month, due to the arrival of the Christmas holiday and the reduction in production capacity by many overseas manufacturers, leading to a decrease in China's rare earth product exports, coupled with the impact of the release of the 2023 third batch of rare earth mining, smelting, and separation total control indicators, supplier quotes were further reduced.

Average Prices of Rare Earth Products in December 2023:

In December 2023, the average price of Praseodymium oxide was ¥472,455 per ton, a decrease of approximately 8.07% compared to the previous month and a decrease of about 31.53% compared to the same period last year. Neodymium oxide had an average price of ¥471,409 per ton, showing a decrease of approximately 8.62% compared to the previous month and a decrease of about 37.63% compared to the same period last year. The average price of Praseodymium-neodymium oxide was ¥457,318 per ton, reflecting a decrease of approximately 9.68% compared to the previous month and a decrease of about 26.86% compared to the same period last year. The average price of Praseodymium-neodymium metal was ¥560,545 per ton, down by about 9.62% compared to the previous month and down by about 26.18% compared to the same period last year. The average price of Terbium oxide was ¥8,011 per kilogram, showing an increase of approximately 2.77% compared to the previous month and a decrease of about 42.82% compared to the same period last year. Dysprosium oxide had an average price of ¥2,674,545 per ton, reflecting an increase of approximately 2.33% compared to the previous month and an increase of about 7.79% compared to the same period last year. The average price of Dysprosium iron alloy was ¥2,579,091 per ton, indicating an increase of approximately 0.94% compared to the previous month and an increase of about 6.20% compared to the same period last year.

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