Japan Quake Not Prevent Rare Earth Prices from Gaining -Shanghai Metals Market

Hot Keywords

  • Inventory data
  • Rare earths
  • Market commentary
  • Rare earth
  • Aluminium
  • Zinc
  • Copper
  • Macroeconomics
  • Sales data
  • MMi Iron Ore Port Index
  • Iron ore
  • precious metals
  • Nickel
  • Futures movement
  • Tin

Japan Quake Not Prevent Rare Earth Prices from Gaining

Data Analysis 03:37:56PM Mar 17, 2011 Source:SMM

SHANGHAI, Mar. 17 (SMM) – After the massive 9.0 magnitude earthquake which struck northeast Japan on March 11th, 2011, many semi-conductor producers of Toshiba, Sony, Fujitsu, and Canon in the negatively-affected regions have stopped production.  In this context, Japan’s demand for rare earths will reduce in the short term, and that will exert pressure on China’s rare earth exports. However, prices of rare earths will not stop rising.

According to SMM sources, prices of major rare earths have kept rising since 2011.  Prices of neodymium metal gained from RMB 330,000/mt to RMB 630,000/mt, up as much as 90.9%. Prices of praseodymium metal rose from RMB 290,000/mt to RMB 550,000/mt, up 89.7%. As of March 16th since the massive quake on March 11th, prices of neodymium metal and praseodymium metal were keeping rising, and prices of rare earth carbonate, and cerium lanthanum chloride were gaining every day. 

Supply of rare earths remains tight, with unavailability of some rare earth metals.  Hence, SMM believes that prices of rare metals will continue to gain. 

 

Copyright © SMM. All Rights Reserved

None of this material may be used for any commercial or public use in any forms or means, without the prior written consent of SMM. For reproduction issue, please contact us by email: service.en@smm.cn

Key Words:  rare earth 

Japan Quake Not Prevent Rare Earth Prices from Gaining

Data Analysis 03:37:56PM Mar 17, 2011 Source:SMM

SHANGHAI, Mar. 17 (SMM) – After the massive 9.0 magnitude earthquake which struck northeast Japan on March 11th, 2011, many semi-conductor producers of Toshiba, Sony, Fujitsu, and Canon in the negatively-affected regions have stopped production.  In this context, Japan’s demand for rare earths will reduce in the short term, and that will exert pressure on China’s rare earth exports. However, prices of rare earths will not stop rising.

According to SMM sources, prices of major rare earths have kept rising since 2011.  Prices of neodymium metal gained from RMB 330,000/mt to RMB 630,000/mt, up as much as 90.9%. Prices of praseodymium metal rose from RMB 290,000/mt to RMB 550,000/mt, up 89.7%. As of March 16th since the massive quake on March 11th, prices of neodymium metal and praseodymium metal were keeping rising, and prices of rare earth carbonate, and cerium lanthanum chloride were gaining every day. 

Supply of rare earths remains tight, with unavailability of some rare earth metals.  Hence, SMM believes that prices of rare metals will continue to gain. 

 

Copyright © SMM. All Rights Reserved

None of this material may be used for any commercial or public use in any forms or means, without the prior written consent of SMM. For reproduction issue, please contact us by email: service.en@smm.cn

Key Words:  rare earth