China Wraps Up Latest Round of Rare Earth Reserves

Published: Mar 29, 2017 16:26

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China’s State Reserve Bureau concluded the latest round of rare earth stockpiling on March 28.

SHANGHAI, Mar. 29 (SMM) – China’s State Reserve Bureau concluded the latest round of rare earth stockpiling on March 28, with total purchasing volumes more than 3,000 tonnes since late 2016.

It was heard that 7 companies participated in the round of stockpiling bidding, namely China Minmetals, Baogang Group, CHALCO, Ganzhou Rare Earth Mineral, Rising Nonferrous Metals, Xiamen Tungsten, and China Nonferrous Metals Company, with details as below.

	2016.12.13		2017.01.19		2017.03.28
	Price (10,000 yuan/tonne)	Quantity (tonne)	Price (10,000 yuan/tonne)	Quantity (tonne)	Price (10,000 yuan/tonne)	Quantity (tonne)
Praseodymium Oxide	32.31	5	-	-	33.5	failure
Neodymium Oxide	25.59	45	-	-	27	220
Didymium Oxide	25.33	failure	26	1300	27.3	failure
Europium Oxide	42.2	60	45	80	50	170
Terbium Oxide	287.72	failure	300	95	310	178
Dysprosium Oxide	125.03	280	125	440	125	450
Erbium Oxide	17.11	330	-	-	17.8	failure
Lutetium oxide	429.7	16	-	-	452	failure
Yttrium Oxide	2.45	670	-	-	2.5	failure
Total		1406	-	1915	-	1018

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