SHANGHAI, May 30 (SMM) – Chaozhou city in Guangdong province will launch a campaign against illegal mining, production, and trades of rare earth in June-August, according to a work meeting in the city on Wednesday May 29.
SMM learned that prices of several products of rare earth extended their increases following the announcement.
As of Thursday May 30, prices of praseodymium-neodymium oxide climbed 10,000 yuan/mt from May 29, to stand at 330,000-340,000 yuan/mt, SMM assessed.
Prices of praseodymium oxide advanced 20,000 yuan/mt from the previous day, to 370,000-380,000 yuan/mt as of Thursday May 30, and prices of neodymium oxide grew 10,000 yuan/mt, standing at 330,000-350,000 yuan/mt.
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