China’s exports of rare earth shrink 3.5% YoY in Jan

Published: Feb 19, 2019 14:52

Save

China’s exports of rare earths stood at 3,752.9 mt in Jan, down 3.5% from a year earlier

SHANGHAI, Feb 19 (SMM) – China’s exports of rare earths stood at 3,752.9 mt in January, down 3.5% from 3,889.7 mt in January 2018, showed the latest data from China Customs.

Exports of rare earths were 5,421 mt in December 2018.

Prices of rare earth products held stable last week, with higher prices of dysprosium oxide, SMM research found.

Rare earth trades in China were poor in the first week after CNY as firms had not returned and as shipping services had not fully recovered.

Optimism about prices of dysprosium products bolstered buying interest, promoting sellers to raise offers, but with limited transactions.

Trades of rare earth products are expected to improve this week, while prices would likely remain steady.

Customs data Market commentary Rare earth

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 to learn 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

10 hours ago

Zhong Ke San Huan: Q1 Net Profit Up 21.54% YoY, Will Continue to Monitor Raw Material Price Changes

10 hours ago

15 hours ago

Norway Takes Over Planning of Europe's Largest Rare Earth Deposit, Boosting EU Supply Prospects

[SMM Rare Earth News Flash] To accelerate the development of Europe's domestic rare earth resources, the Norwegian government has officially taken over the planning of the Fen deposit located in the Telemark region in the south of the country, elevating the project's planning authority from the Nome municipal government to the national level. The Fen deposit is Europe's largest known rare earth deposit, with rare earth oxide resources of 15.9 million mt, an 81% increase from the 2024 assessment. Currently, developer Norwegian Rare Earths plans to commence production in H2 2031 and produce 800 mt of NdPr in 2032, which is expected to meet approximately 5% of the EU's demand.

15 hours ago

USA Rare Earth Acquires Serra Verde for $2.8B, Boosting Rare Earth Oxide Capacity to 17,100 mt/Year

[SMM Rare Earth News Flash] USA Rare Earth agreed to acquire Brazil's Serra Verde Group for $2.8 billion. The deal includes $300 million in cash and stock. After the merger, original USA Rare Earth shareholders will hold 66% and Serra Verde shareholders 34%. Serra Verde owns the Pela Ema ionic clay mine, targeting annual production of 6,400 mt of rare earth oxides by the end of 2027 with plans to double that. It has signed a 15-year offtake agreement with a US government-funded agency, locking in lowest prices for praseodymium, neodymium, dysprosium, and terbium. This acquisition accelerates the company's mine-to-magnet integrated strategy, with combined rare earth oxide capacity reaching 17,100 mt/year after the merger.

15 hours ago