China Rare Earth and Permanent Magnet Industry Market Application Summit 2020

According to customs data, China's rare earth metal exports were 884.454 mt in April, an increase of 9.53% year-on-year and 8.28% month-on-month. Exports totalled 2,771.348 mt from January to April, up 8.49% year-on-year.

According to customs data, China's rare earth exports stood at 4,837.1 mt in March, up 36.9% month on month, and the average export price was $12.05/kg, up 8%.

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

Inquiries of rare earth increased last week. The prices of praseodymium, dysprosium and cerium products rose slightly. The prices of gadolinium, erbium and other products rebounded during the week, and prices of holmium, neodymium and yttrium products fell slightly.

China's rare earth exports in October stood at 2,288.3 mt, down 37.1% from a year earlier, but up 14.2% from September.

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 most light and medium-to-heavy rare earth oxides increased last week as sellers firmed up offers on active enquiries by downstream consumers. SMM expects the improvement in enquiries to continue to support prices of medium-to-heavy rare earth oxides this week, while prices of light rare earth, such as praseodymium-neodymium oxide, will likely pull back as the strength of demand may unable to sustain a price rally. 

Prices of praseodymium-neodymium oxide dipped to 320,000-325,000 yuan/mt as of Sep 20

China's rare earths association said it would resolutely support the actions taken by the Chinese government to counter US tariffs