Amid the recent strong upward trend of rare earth prices, demand from new energy vehicles (NEVs) and other emerging downstream sectors surge, while tight control over upstream supply side may continue, thus creating the historical pivot for rare earth industry. The supply & demand and national policies are expected to walk in step with each other, opening the door to long-term bullish market. As a result, the classic Davis double play may appear among the performance and valuation of rare earth board.

In recent weeks, the domestic rare earth market as a whole prospered evidenced by overall rising prices of all products. In particular, the price of praseodymium oxide increased significantly among others. In the middle and late June, the market prices of praseodymium rallied, and terbium bottomed out. Later, since mid-July, market prices of light and heavy rare earth rose across the board, and the market is relatively in tight supply resulted from insufficient pre-stockpile or oversold. Hence the short supply of metal intensified in current stage.

As per Customs data, China’s rare earth export volume reaches 3,467 tons, dropping 6.68% on monthly basis, slightly rising 1.02% on yearly basis.

The association proposes that all membership enterprises suspend for one month from October.

China Southern Rare Earth Group announced listed prices for rare earth oxides. 

Inner Mongolia exported a total of 5,029.9 tonnes of rare earth during the first half of the year, up 1.3 times from the same period of 2016, according to Hohhot Customs.

Major rare earth producers and traders raised offers to closer to listed prices of products released Monday by Baotou Steel Rare-Earth International Trading. 

China’s rare earth market will witness supply shortages during the second half of 2017, said Ma Rongzhang, Secretary General of Association of China Rare Earth Industry. 

The Ministry of Industry & Information Technology (MIIT) released the first rare earth production quota for the year April 13, cnmn.com reported.

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