Chinese Rare Earth Prices - January 15, 2024

At the beginning of the week, Chinese rare earth prices fluctuated within a narrow range, influenced by various factors. 

The trends of mainstream light and heavy rare earth products slightly differed, with the prices of praseodymium and neodymium showing signs of stabilizing after a period of decline, while the prices of dysprosium and terbium continued to decline.

In the praseodymium and neodymium market, due to the prolonged and significant decline in prices, some suppliers have recently shown reduced willingness to further lower their quotes, aiming to mitigate the risk of cost inversion. In the dysprosium and terbium market, besides the overall situation of strong supply and weak demand, the relatively strong price trend in the second half of last year is a major reason for the continued downward adjustment of quotes by holding merchants.

In terms of news, according to Hunan Daily, on January 10, 2024, the groundbreaking ceremony for a project involving 25 tons of high-purity rare earth metal targets and 2,000 tons of industrialized production for high-end rare earth alloys was held in Liuyang Economic Development Zone. The total investment in this project is 1.02 billion yuan, with construction planned in two phases. The first phase, with an investment of 370 million yuan, will focus on the construction of new production lines for four major product categories: high-purity metal scandium, aluminum-scandium alloys, terbium-dysprosium targets, and high-end rare earth magnesium alloys.

Prices of rare earth products on January 15, 2024

Picture of lanthanum oxide

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