SHANGHAI, Jul. 8 (SMM) – SMM survey reveals that prices of China’s rare earth oxides rose last week due mainly to crackdown on illegal mines in Ganzhou and positive expectation for permanent magnet industry. Cerium misch metal prices continued to fall due to ample supplies, while prices for other rare earth products held steady.
Prices were RMB 27,000/mt for lanthanum oxide, RMB 27,000/mt for cerium oxide, RMB 385,000/mt for praseodymium oxide, RMB 255,000/mt for neodymium oxide, RMB 283,000/mt for didymium oxide, RMB 3,800/kg for europium oxide, RMB 1,450/kg for dysprosium oxide, RMB 129,800/mt for gadolinium oxide, RMB 50,500/mt for cerium misch metal, RMB 360,000/mt for praseodymium-neodymium alloy and RMB 1,475,000/mt for dysprosium-iron alloy.
SMM believes rare earth prices should remain steady this week as demand from end users still showed on improvement.