Chinese Rare Earth Prices - July 1, 2024

Chinese rare earth prices are partially stable with some slight increases. Despite the current weak downstream demand, the significant and prolonged decline in rare earth prices and high energy costs have forced many suppliers to strengthen their price support awareness. 

Additionally, the domestic rare earth industry is about to enter a period of strong regulation, which means that the future increase in the supply of rare earth raw materials may slow down, supporting an increase in rare earth prices.

According to reports, on June 29, the State Council issued an order announcing the "Rare Earth Management Regulations," which will come into effect on October 1, 2024. The "Rare Earth Management Regulations" mainly stipulate the following: 1.Clarification of working principles; 2.Strengthening the protection of rare earth resources; 3.Improving the rare earth management system; 4.Promoting high-quality development of the rare earth industry; 5.Perfecting the supervision system for the entire rare earth industry chain; 6.Clarifying supervision and management measures and legal responsibilities

Prices of rare earth products on July 1, 2024

Picture of erbium oxide

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