[SMM rare Earth Daily Review 09.05] rare earth product prices are up again in the second half of the year, and there is still room for upward growth.

Published: Sep 5, 2019 18:51

Save

SMM, Sept. 5 / PRNewswire-Asianet /-

Today, the prices of praseodymium neodymium oxide, dysprosium oxide and terbium oxide all rose. Praseodymium neodymium oxide quoted at 32.3-328000 yuan / ton, neodymium oxide followed by 32.5-330000 yuan / ton, dysprosium oxide rose to 191-1.94 million yuan / ton, and the price of terbium oxide was raised to 393-3.95 million yuan / ton. Still affected by the supply of rare earths in the second half of the year, the confidence of upstream businesses continues to be good, the quotation of large factories is relatively strong, the prices of rare earth products continue to rise, and the actual transaction in the market is general. In September, metal and downstream enterprise demand gradually pick up, is expected to be affected by the second half of the supply tightening, demand recovery, praseodymium neodymium, dysprosium, terbium and other rare earth products prices still exist.

"Click to view historical data on spot price of SMM metals

"editor quietly screenshot SMM metal spot quotation page quickly watch ~!

[focus] 2019 China rare Earth permanent Magnet Industry Market Application Development Forum

The trade war between China and the United States has made rare earths become the focus of global attention. China has the largest rare earth industry resources and export dominance in the world, and the world is highly dependent on China's rare earths, especially the United States. How will China make good use of the development advantages of the rare earth industry in the future? how to improve the development of the industry, monitor and crack down on black rare earths in order to standardize the ecological environment of the industry, and whether the rare earth industry has become a rising star after it has been put forward for strategic development? Whether the rare earth enterprise ushered in the tuyere? How will the price of rare earths go? At the 2019 China rare Earth permanent Magnet Industry Market Application Development Forum, SMM will invite industry experts and enterprise bigwigs to interpret the market focus topics for everyone, and provide technical professional guidance for the high-quality development of enterprises, so as to help enterprises have more advantages in the fierce competition. Welcome to the summit, together with the industry!

"Click to sign up for this summit

Rare earths daily reviews

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 for 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

27 mins ago

US DLA Seeks Titanium, Magnesium, Samarium, Gadolinium for Defense Buffer Stocks

[SMM Rare Earth Flash] The US Defense Logistics Agency (DLA), under the Department of Defense, recently issued a Request for Information (RFI) under its “Warstopper” program for titanium, magnesium, samarium, gadolinium, and specialty steels. The RFI covers metal grades, technical specifications, product forms, delivery lead times, and expected demand over the next five years. Samarium and gadolinium are key materials for high-performance permanent magnets and defense electronic systems. Through this market survey, the DLA aims to establish buffer inventories of samarium and gadolinium to ensure the rapid supply of war reserve materials. This RFI is for information collection and planning purposes only and does not necessarily mean that a tender will be initiated. The response deadline is 3:00 p.m. Eastern Time on August 31.

27 mins ago

29 mins ago

Malaysian Parliament Reviews Lynas-US Rare Earth Deal Amid NGO Opposition

[SMM Rare Earth Flash News] The Special Select Committee on International Trade and International Relations of the Malaysian Parliament held a hearing on July 16 to review the $96 million rare earth supply agreement signed in March this year between Australia's Lynas Rare Earths and the US Department of Defense. 57 non-governmental organizations jointly signed a petition in opposition, expressing concerns that Malaysia's rare earth processing could be linked to foreign military supply chains. The committee recommended that the government formulate a clearer foreign investment policy and urged it to issue an official stance within two weeks. Chairman Wong Kee Chuan stated that if rare earths are used for renewable energy, he supports it, but if used for weapons, he would reject it. The conclusions of the hearing will serve as the basis for formulating the national rare earth policy.

29 mins ago

1 hour ago

[SMM Rare Earth Morning Brief] Oxide Downturn Drags Down Metals, Medium-Heavy Rare Earths Firm but Transactions Stagnant

[Oxide downtrend drags metals lower, medium-heavy rare earths firm but transactions stagnant] Last week, nearing the weekend, downstream enterprises’ inquiry activity was low; some traders slightly lowered their quotes, but most factories held firm offers, resulting in few actual transactions; on the medium-heavy rare earth front, upstream supply was tight, market quotes remained firm, but metal plants’ purchase willingness was low.

1 hour ago