SRB Completes Latest Round of Rare Earth Purchases-Shanghai Metals Market

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SRB Completes Latest Round of Rare Earth Purchases

Industry News 05:33:43PM Jun 05, 2017 Source:SMM

SHANGHAI, Jun. 5 (SMM) – The State Reserve Bureau (SRB), China’s state stockpiling agency, finished its latest round of rare earth purchases on May 27.

Purchasing volumes totaled over 3,000 tonnes, and bidders include China Minmetals, Baosteel, Chalco, Xiamen Tungsten, etc.

Bid prices were about 285,000 yuan/tonne for neodymium oxide, with purchasing volume at 250 tonnes; about 570,000 yuan/tonne for europium oxide, with purchasing volume at 200 tonnes; about 1.24 million yuan/tonne for dysprosium oxide, with purchasing volume at 520 tonnes; about 5.21 million yuan/tonne for lutetium oxide, with purchasing volume at about 35 tonnes; about 26,000 yuan/tonne for yttrium oxide, with purchasing volume at about 330 tonnes; about 190,000 yuan/tonne for erbium oxide, with purchasing volume at about 300 tonnes.        

Bid prices were about 291,000 yuan/tonne for praseodymium-neodymium oxide and about 3.42 million yuan for terbium oxide, but no deals were struck.  

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.
 

Price

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#1 Refined Cu
Oct.17
46700.0
-215.0
(-0.46%)
Aluminum Ingot
Oct.17
13960.0
80.0
(0.58%)
#1 Lead
Oct.17
17000.0
150.0
(0.89%)
0# Zinc
Oct.17
18890.0
-110.0
(-0.58%)
#1 Tin Ingot
Oct.17
139000.0
750.0
(0.54%)

SRB Completes Latest Round of Rare Earth Purchases

Industry News 05:33:43PM Jun 05, 2017 Source:SMM

SHANGHAI, Jun. 5 (SMM) – The State Reserve Bureau (SRB), China’s state stockpiling agency, finished its latest round of rare earth purchases on May 27.

Purchasing volumes totaled over 3,000 tonnes, and bidders include China Minmetals, Baosteel, Chalco, Xiamen Tungsten, etc.

Bid prices were about 285,000 yuan/tonne for neodymium oxide, with purchasing volume at 250 tonnes; about 570,000 yuan/tonne for europium oxide, with purchasing volume at 200 tonnes; about 1.24 million yuan/tonne for dysprosium oxide, with purchasing volume at 520 tonnes; about 5.21 million yuan/tonne for lutetium oxide, with purchasing volume at about 35 tonnes; about 26,000 yuan/tonne for yttrium oxide, with purchasing volume at about 330 tonnes; about 190,000 yuan/tonne for erbium oxide, with purchasing volume at about 300 tonnes.        

Bid prices were about 291,000 yuan/tonne for praseodymium-neodymium oxide and about 3.42 million yuan for terbium oxide, but no deals were struck.  

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.