SHANGHAI, Jul. 22 (SMM) – The most recent SMM survey shows that stricter crackdowns on illegal rare earth operations and report that the State Reserve Bureau will stockpile rare earth left strong bullish mood in rare earth markets.
Last week, prices were RMB 28,000/mt for lanthanum oxide, RMB 28,500/mt for cerium oxide, RMB 410,000/mt for praseodymium oxide, RMB 281,000/mt for neodymium oxide, RMB 302,000/mt for didymium oxide, RMB 3,940/kg for europium oxide, RMB 1,775/kg for dysprosium oxide, RMB 153,500/mt for gadolinium oxide, RMB 48,200/mt for cerium misch metal, RMB 386,000/mt for praseodymium-neodymium alloy and RMB 1,865,000/mt for dysprosium-iron alloy.
SMM expects rare earth prices will continue to rise this week.
