China Southern Rare Earth Group CO,. LTD released their listed prices of rare earth oxides of the week on Nov 20.
price review forecast
Overall speaking, some enterprises face problems of tightened funds at the year-end, which suppresses the rare earth price.
It is learned that as a heavy industry city, Baotou of Inner Mongolia will strive to output 30,000 tonnes rare earth magnetic materials in 2020.
During recent two days, the Southern Rare Earth Group and Northern Rare Earth Group has released listed price.
China Southern Rare Earth Group CO,. LTD released their listed prices of rare earth oxides.
Northern Rare Earth lowered their listed prices in November.
The price of some rare earth products had a second drop in today’s market.
Erzaldo Rosman, governor of Bangka Belitung, Indonesia says, the government is drafting on tin derivative minerals, saying a ban on rare earth metals export.
Rare earth export of Lianyungang Port from January to October reaches 51,394 kilos, valuing at $2.523 million, dropping 18.18% and 12.5% on yearly basis.
In recent two weeks, domestic rare earth price has stabilized. This week see a light trading in market, with some varieties going downward slightly.
Nickel supply and demand is balanced this year, and the price is estimated to go up next year.
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