Home / Metal News / Rare Earth / Rare Earth Prices Inch down, and not to Register Big Decline, SMM Reports
Rare Earth Prices Inch down, and not to Register Big Decline, SMM Reports
Aug 17,2017 13:10CST
smm insight
Source:SMM
Some categories prices of rare earth edged down on Thursday.

SHANGHAI, Aug. 17 (SMM) – Some categories prices of rare earth edged down on Thursday. According to SMM price, gadolinium oxide price was lowered by 5,000 yuan per tonne to 180,000-190,000 yuan per tonne, terbium oxide price fell 150 yuan per kilogram to 3,950-4,100 yuan per kilogram, and dysprosium oxide price dropped by 40 yuan per kilogram to 1,450-1,500 yuan per kilogram.

Will Issuance of 2nd Batch of Rare Earth and Tungsten Ore Mining Quota Impact Market? SMM Reports

Some small traders lowered offers slightly for profits taking after rare earth prices surged, while separating plants made stable offers. Price of praseodymium-neodymium oxide was stably with offers mainly at 500,000-510,000 yuan per tonne. Some traders started selling goods in recent days.

China Rare Earth Exports Surge in July, But Export Prices Tumble

SMM regarded the price decline as normal which rose rapidly by market speculations.

China announced to stabilize rare earth price, and some market participants in face of high prices took wait-and-see stance. Rare earth prices thus stabilized, or even edged down. However, fundamentals see no significant changes. Government will keep cracking down illegal rare earth mining, tightening rare earth supply. This, combined with anticipation of brisk demand from new energy vehicles, will restrict price decline of rare earth.

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

 

rare earth
supply & demand
rare earth price

For queries, please contact Frank LIU at liuxiaolei@smm.cn

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

Related news

MOST POPULAR
data analysis
data analysis
data analysis
data analysis
data analysis

Rare Earth EVENTS