Metals News
Rare earth prices extend increases amid upbeat sentiment 
price review forecast
Aug 6,2019

SHANGHAI, Aug 6 (SMM) – Spot prices of major rare earth products continued to trend upwards as key producers firmed up offers amid rallied market confidence. 

State-owned China Southern Rare Earth Group on Monday August 5 raised its weekly listed prices for several rare-earth oxides, including dysprosium oxide, terbium oxide, and gadolinium oxide. This grew bullish sentiment in the spot market. 

A rapid escalation in US-China trade war also bolstered prices of rare earth, a critical strategic resource. 

SMM assessment showed that prices of neodymium oxide gained 7,000 yuan/mt from Monday, to stand at 309,000-314,000 yuan/mt on Tuesday August 6, and prices of praseodymium-neodymium oxide also climbed 7,000 yuan/mt on the day, to 307,000-312,000 yuan/mt. 

Quotes of terbium oxide stood at 3.96-4 million yuan/mt on Tuesday, up 40,000 yuan/mt from Monday, and quotes of dysprosium oxide at 1.93-1.95 million yuan/mt, up 25,000 yuan/mt, SMM assessed. 

Macroeconomic development and tight supply of raw materials are expected to sustain growth in rare earth prices this week. 

Market commentary
Rare earth
For queries, please contact Frank LIU at
For more information on how to access our research reports, please email
Related Price

No Data