China Rare Earth and Permanent Magnet Industry Market Application Summit 2020

Rare earth prices were generally lower last week, with prices of many products including praseodymium-neodymium, terbium, dysprosium, and holmium down from a week ago, and transaction atmosphere cooled down significantly. Prices of praseodymium-neodymium oxide showed signs of stabilising, while prices of praseodymium-neodymium metal remained weak amid muted trades. Prices of terbium and dysprosium found no support and market participants generally hoped that large enterprises would stockpile. Prices of gadolinium and holmium diverged. Gadolinium received brisk inquiries, while holmium saw quiet trades. Prices of praseodymium were largely stable , while prices of neodymium continued to decline amid sluggish transactions.

The 6th China International LiCoNi summit will be held on 20-21 May 2021 in Changsha, Hunan.

Neodymium praseodymium prices rose slightly amid the news of environmental inspections in Ganzhou over the previous week.

The 10th Secondary Lead-acid Battery Industry Summit 2020—held by SMM—took place today, at which SMM senior Pb analyst Xia Wenming gave a speech on the theme of “How China lead market will fare in H2 2020 on the backdrop of oversupply”

With the entry of intelligent networking, new energy, lightweight and intelligent manufacturing, we are witnessing an exciting revolution in the automotive industry. Rapid changes in technology require the industry to integrate and innovate continuously, which promotes the accelerated development at auto companies.

Prices of praseodymium-neodymium oxides, a type of light rare earth, increased for the fifth consecutive day as of May 14, lifted by stepped-up downstream stockpiling as demand resumes with the fading impact of the coronavirus pandemic. 

Southwest China's Yunnan province has unveiled detailed allocation of its first batch of rare earth and tungsten mining output quotas for this year. According to a circular issued by the province’s Department of Natural Resources on Wednesday, Yunnan issued 2,615 mt of mining quotas for tungsten concentrate and 12 mt for rare earth in the first batch for 2020.

Prices of light and medium-to-heavy rare earth products mostly declined last week as the widespread COVID-19 overseas weakened investors’ prospects for demand and kept domestic consumers from...

Demand for rare earth may continue to face potential impact from the coronavirus, but costs will lend some support to rare earth prices, SMM estimates. In the long run, bullish prospects for China’s infrastructure development and more stimulus measures for its new energy vehicle market are expected to lift consumption of rare earth and revive the market. 

It set listed price for terbium oxide at 3.75 million yuan/mt, down 150,000 yuan/mt from January 13, while the price for dysprosium oxide was cut by 100,000 yuan/mt to 1.8 million yuan/mt