SMM Rare Earth Weekly Survey: Rare Earth Prices Continue to Rise (22-26 Jul. 2013)

SHANGHAI, Jul. 22 (SMM) – The latest SMM survey shows that rare earth market continued to rise last week driven by crackdowns on illegal rare earth operations and report about the State Reserve Bureau’s move to stockpile rare earth. 

 

Last week, prices were RMB 28,000/mt for lanthanum oxide, RMB 28,500/mt for cerium oxide, RMB 453,000/mt for praseodymium oxide, RMB 381,000/mt for neodymium oxide, RMB 328,000/mt for didymium oxide, RMB 4,200/kg for europium oxide, RMB 2,300/kg for dysprosium oxide, RMB 180,000/mt for gadolinium oxide, RMB 48,000/mt for cerium misch metal, RMB 422,000/mt for praseodymium-neodymium alloy and RMB 2,340,000/mt for dysprosium-iron alloy.

 

SMM believes price increase of domestic rare earth products will be limited this week with the influence of rare earth mine crackdowns dissipating, and prices may hover at high levels.