What Push Up Rare Earth Price? SMM Reports

Published: Dec 13, 2016 17:57

Save

Last week, offers for praseodymium and neodymium products kept surging after China Northern Rare Earth significantly raised its prices, and those for lanthanum and gadolinium products edged up.

SHANGHAI, Dec. 13 (SMM) - Last week, offers for praseodymium and neodymium products kept surging after China Northern Rare Earth (Group) significantly raised its listed rare earth prices, and those for lanthanum and gadolinium products edged up slightly, Shanghai Metals Market reports.

China Announces First Bidding Results for Rare Earth, SMM Reports

Currently, praseodymium-neodymium alloy are now offered at or above 340,000 yuan per tonne and didymium oxide is quoted at 266,000 yuan per tonne, and traded prices of the two were at 335,000 yuan per tonne and 263,000 yuan per tonne, respectively, according to SMM data.

SMM attributes the rise mainly to following factors. First, list prices by China Northern Rare Earth (Group) were up by 5 per cent from November’s level, a clear sign of price support. Second, China announced to launch crackdowns against illegal activities in the rare earth industry from December 2016 under cooperation of eight relevant ministries. Third, it rumors again that China’s State Reserve Bureau (SRB) will purchase rare earth, raising speculative activities. The three factors, buoyed up prices for praseodymium-neodymium products last week.

Analysis of China Crackdowns on Rare Earth Sector, SMM Reports

Rare earth prices of magnetic materials, especially praseodymium and neodymium products, have witnessed big gains, already above buyers’ acceptable levels. So those products will lack further rising momentum for the foreseeable future, SMM predicts, with gains to slow down. Prices for dysprosium and terbium products, losing rising strength, will stabilize this week.

In other news, China exported 3,987 tonnes of rare earth in November, up 16.2% MoM and 23% YoY, according to Chinas Customs. Exports of rare earth were 42,422 tonnes from January to October, up 39.8% YoY.

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

rare earth rare earth exports china rare earth exports

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

Jun 18, 2026 15:34

New 1.8 km Rare Earth Target Discovered in Greenland with Low Uranium Content

Energy Transition Minerals has discovered a new 1.8 km-long target in southern Greenland, with characteristics similar to the Kvanefjeld rare earth deposit but with uranium content below the prohibition threshold of 0.01% set by the Greenland government. Last year, the company identified 10 new targets within the Kvanefjeld license area, where rock chip sampling returned total rare earth oxide (TREO) grades of up to 3.97%, with high dysprosium and terbium contents. As climate change reduces permanent snow and ice cover, making previously inaccessible areas reachable, the company has also delineated a new-type volcanic rhyolite anomaly that differs from conventional fenite alteration targets. Energy Transition Minerals is currently seeking to renew the Kvanefjeld license.

Jun 18, 2026 15:34

Jun 18, 2026 15:33

USAR Launches Heavy Rare Earth Hydrometallurgy Plant in Colorado, Aims for Q3 2026 Oxide Production

US Rare Earths (USAR) has started operating its heavy rare earth hydrometallurgy demonstration plant in Wheat Ridge, Colorado, and plans to produce separated oxides for the first time in Q3 2026. USAR said the plant will produce separated heavy rare earth oxides, including dysprosium, terbium and yttrium. Quantity details were not disclosed. The company said the Wheat Ridge facility is fully automated and equipped with instruments for real-time process monitoring in all production operations. The plant processes three raw materials simultaneously, including ore from USAR's Round Top project in Texas, ore from the Serra Verde Pela Ema mine in Brazil, and magnet scrap.

Jun 18, 2026 15:33

Jun 18, 2026 15:30

St George Mining Launches $50M Funding Round for Brazilian Rare Earth Project

Backed by mining magnate Gina Rinehart, rare earth and niobium company St George Mining, with a market capitalisation of A$435 million, has launched a new funding round to advance drilling and exploration at its core projects in Brazil. The placement issues new shares to institutional investors at A$0.10 per share, a 9.1% discount to the previous trading day’s closing price. Joint lead managers Canaccord Genuity and Jett Capital Advisers are soliciting bids from Asia-Pacific investors, with the offer closing at 7 p.m. Monday. The placement has a base raising target of A$50 million, with the underwriters reserving A$10 million in oversubscription capacity; the raising is not underwritten. Funds will be used for development and exploration at the company’s Araxa project in Minas Gerais, Brazil, which the company describes as the second-highest-grade rare earth deposit in the Western world.

Jun 18, 2026 15:30