[SMM Analysis] Future Price of heavy rare Earths in shortage of Ionic rare Earth ores

SMM6 6 June news:

This week, the domestic rare earth market light rare earth and medium and heavy rare earth prices have risen, praseodymium and neodymium oxide rose to 34.5-355000 yuan / ton; Driven by the rise in praseodymium and neodymium oxide prices, praseodymium oxide and neodymium oxide rose to 41-420000 yuan / ton and 34.5-355000 yuan / ton respectively; dysprosium oxide rose to 198-2.02 million yuan / ton; terbium oxide rose to 380-3.85 million yuan / ton.

In the light rare earth aspect, taking praseodymium and neodymium oxide as an example, due to the sharp rise in the prices of praseodymium neodymium oxide and praseodymium oxide neodymium oxide, the price of raw materials for light rare earth mines has risen, and light rare earth production enterprises are unwilling to ship goods at low prices. It is expected that there will still be upward space above light rare earths such as praseodymium and neodymium oxide in the future. In terms of medium and heavy rare earths, due to the announcement this week of 60 rare earth mining enterprises under the Southern rare Earth Group, in addition to the normal production of two light rare earth mines in Mianning, The other 2 light rare earth mines and 56 other medium and heavy rare earth mines in Jiangxi are still out of production. In addition, the closure of rare earth mines imported from Myanmar in the early stage will further aggravate the shortage of domestic ionic rare earth ore raw materials and become more and more serious with the passage of time, and the price of heavy rare earths in high school may be further pushed forward in the future.