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[industry events] Environmental Protection Supervision has shut down some rare earth factories in Ganzhou.
Apr 8,2021 17:35CST
translation
Source:SMM
According to reports, the fourth eco-environmental protection inspection team of the Central Committee arrived in Jiangxi Province on April 7 for a period of one month. Affected by this, the scope of rare earth production reduction and suspension enterprises has been expanded again, which has spread to the original ore separation plants, which were mostly waste separation plants before. Last week, stimulated by Ganzhou environmental supervision news, praseodymium and neodymium prices rose slightly, although this week's rising market is difficult to continue, but there is still a strong support.
The content below was translated by Tencent automatically for reference.

It is reported that the fourth central eco-environmental protection inspection team was stationed in Jiangxi on April 7 for a period of one month. Affected by this, the scope of rare earth production reduction and suspension enterprises has been expanded again, which has spread to the original ore separation plants, which were mostly waste separation plants before. Last week, stimulated by Ganzhou environmental supervision news, praseodymium and neodymium prices rose slightly, although this week's rising market is difficult to continue, but there is still a strong support.

According to SMM research, the spot market of rare earths is generally weak in recent days, with praseodymium, neodymium, holmium, gadolinium, terbium and other products showing varying degrees of pullback. In the falling market, the magnetic material factory buys properly at every bargain, while the metal factory is still dominated by wait-and-see.

"Click to view the historical price of SMM rare earths.

Related stock markets, the rare earth permanent magnet plate after rising in the previous two days, today a slight pullback, as of today's close, down 0.05%. Among the related stocks, Dragon Magnetic Technology rose 2.27%, Minmetals rose 1.11%, and northern rare earths were flat.

Rare earth prices related to the follow-up trend and impact, SMM will continue to follow up the report.

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