In early trading on January 13, the rare earth plate continued to strengthen on the second day, Shenghe Resources and Sichuan Energy Power rose by the limit, Sinosteel Tianyuan once rose by the daily limit, and rare earths in the north and Zhenghai magnets were among the top gainers.
By lunchtime closing:
The spot prices of rare earths have generally continued to rise today, and the spot prices of rare earths reported by SMM have generally risen again, with the average price of neodymium oxide rising 15000 yuan / ton compared with yesterday and 11.28% higher than the adjusted low on December 17; praseodymium neodymium oxide has increased by 8.68% compared with December 18; gadolinium oxide has increased by 6.78% compared with December 15; Terbium oxide has been on an upward trend since 2018, up 65% from November 3, 2020. "Click to see more historical spot price trends of SMM rare earths.
Spot quotation of SMM rare earths on January 13th:
"Click to view the historical price trend of SMM rare earth spot.
[SMM Analysis] this week, the rare earth market is making steady progress, the rising trend of medium and heavy rare earths is strong and the inquiry is active.
Praseodymium and neodymium thin hair breaks the bottleneck and terbium is still in the relay.