SHANGHAI, Jun. 28 (SMM) – China’s rare earth exports surged in May, and export prices showed signs of recovery.
Customs data showed outbound shipments were 4,073 tonnes in May, up 55.6% from a year ago and up 36.3% from April.
The average export price was $8.2/kg in May, down 30% year-on-year, but up from nearly three-year low of $6/kg in April.
Rare earth exports totaled 19,364 tonnes during the first five months of this year, up 81.64% from the same period last year, and export value totaled $143 million, also up 11.4%.
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: firstname.lastname@example.org or email@example.com.