[Rare Earth] Inner Mongolia Rare Earth Export Volume Soar Jan.-May, But Export Prices Tumble-Shanghai Metals Market

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[Rare Earth] Inner Mongolia Rare Earth Export Volume Soar Jan.-May, But Export Prices Tumble

Industry News 04:34:44PM Jun 23, 2015 Source:SMM
SHANGHAI, Jun. 23 (SMM) – Inner Mongolia reported significant growth in rare earth exports this year, possibly due to China’s removal of rare earth export quotas, cnmn reported, quoting head of Baotou Research Institute of Rare Earths.
 
However, export prices dropped, reflecting persistent sluggishness in global rare earth market.  
 
Inner Mongolia exported 2,207.5 tonnes of rare earth January-May, up 26.7% from a year ago and accounting for 20.7% of the national total. The average export price, however, tumbled 32.7% from a year ago to 330,000 yuan ($53,163) per tonne.  
 
The province exported 621.6 tonnes of rare earth in May, up 44.2% on the year and 7.9% on the month. But the average export price fell 27.5% year-on-year and 12.1% month-on-month to 290,000 yuan.    
 
The article is edited by SMM and is provided for information purpose only. SMM assumes no liability and does not warrant the accuracy, reliability or completeness of information contained or quoted in the article, either express or implied. SMM further disclaims any liability for losses in connection with the information contained or quoted in the article.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.
 

[Rare Earth] Inner Mongolia Rare Earth Export Volume Soar Jan.-May, But Export Prices Tumble

Industry News 04:34:44PM Jun 23, 2015 Source:SMM
SHANGHAI, Jun. 23 (SMM) – Inner Mongolia reported significant growth in rare earth exports this year, possibly due to China’s removal of rare earth export quotas, cnmn reported, quoting head of Baotou Research Institute of Rare Earths.
 
However, export prices dropped, reflecting persistent sluggishness in global rare earth market.  
 
Inner Mongolia exported 2,207.5 tonnes of rare earth January-May, up 26.7% from a year ago and accounting for 20.7% of the national total. The average export price, however, tumbled 32.7% from a year ago to 330,000 yuan ($53,163) per tonne.  
 
The province exported 621.6 tonnes of rare earth in May, up 44.2% on the year and 7.9% on the month. But the average export price fell 27.5% year-on-year and 12.1% month-on-month to 290,000 yuan.    
 
The article is edited by SMM and is provided for information purpose only. SMM assumes no liability and does not warrant the accuracy, reliability or completeness of information contained or quoted in the article, either express or implied. SMM further disclaims any liability for losses in connection with the information contained or quoted in the article.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.