Chinese Rare Earth Prices - December 4, 2024

Chinese rare earth prices remain stable in certain segments, with slight declines in others. Prices for gadolinium oxide, terbium oxide, and holmium oxide have dropped by approximately 4,000 RMB/ton, 40 RMB/kg, and 20,000 RMB/ton, respectively.

Positive Factors

Stable Pricing by Major Suppliers: Northern Rare Earth's December price listings remain unchanged from the previous month, aligning with market expectations and providing some support for stable pricing among light rare earth suppliers.

Reduced Production: Low rare earth product prices, high production costs, significant temperature drops in certain regions, and stricter environmental policies have led some rare earth manufacturers to reduce output.

Northern Rare Earth December Price Listing (2024)

The December listing prices by Northern Rare Earth are unchanged month-on-month but have declined year-on-year:

Lanthanum Oxide: 4,100 RMB/ton, down 58.16% year-on-year.

Cerium Oxide: 7,600 RMB/ton, down 22.45% year-on-year.

Praseodymium-Neodymium Oxide: 416,600 RMB/ton, down 15.57% year-on-year.

Neodymium Oxide: 424,900 RMB/ton, down 15.31% year-on-year.

Praseodymium-Neodymium Metal: 516,000 RMB/ton, down 15.13% year-on-year.

Neodymium Metal: 526,000 RMB/ton, down 14.89% year-on-year.

Negative Factors

Market demand remains weak due to several factors:

Traders show strong "buy high, avoid low" sentiment.

Limited liquidity hampers active buying.

End-user orders are growing at a slow pace.

Some market segments report excess spot supply of raw materials.

Market News

According to the National Bureau of Statistics, from January to October 2024, large-scale industrial enterprises across China achieved a total profit of 58.68 trillion RMB, a year-on-year decrease of 4.3%.

Mining Industry: Total profit of 984.53 billion RMB, down 12.7%.

Manufacturing Industry: Total profit of 4.22 trillion RMB, down 4.2%.

Electricity, Heat, Gas, and Water Production and Supply: Total profit of 661.2 billion RMB, up 11.5%.

Prices of rare earth products on December 4, 2024

Picture of neodymium oxide

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