Prices of rare earths have skyrocketed over the recent months. For instance, listed prices of terbium oxide soaring 500,000 yuan/mt to 5.8 million yuan/mt at end-November 2020. The soaring prices of rare earths is mainly due to the rapidly increasing demand while supply remains tight. In 2021, the prices of rare earth products are likely to be strongly supported by demand and remain firm.
On the other hand, the military coup in Myanmar has no immediate market impact on China's imports of medium and heavy rare earths. However, investors are bullish about the long-term outlook for the rare earth market, on expectations that raw material supply shortages from Myanmar would reduce the production of medium and heavy rare earth products, which will in turn support domestic spot prices.
China has also reviewed its rare earths policy recently. MIIT and Ministry of Natural Resources have issued the first batch of quota for rare earth mining, smelting and separation in 2021. The proportions of the first batch of light rare earth mines and medium and heavy rare earth mines have undergone subtle changes in recent years, which further reflects China’s increasing emphasis on medium and heavy rare earth resources.
We are glad to present you with the SMM China Rare Earth Weekly to keep you updated of the changes of demand/supply of the China rare earth industry chain.
In the weekly report, we provide you a deep-dive of the China domestic rare earth market, as our analysts conduct surveys on the price movements of rare earth products, as well as providing you the latest hot news analysis, market review and forecast, policy updates and the customs import and export data, to provide you a comprehensive overview of the rare earth industry chain.
Please get in touch with your sales representative for a trial copy or contact us at Service.en@smm.cn for more information.
