Prices of Rare Earth Concentrates Decline and Profits of Mining Enterprises Greatly Reduced

SHANGHAI, May 8 (SMM) - Rare earth concentrate prices remained stable last week with the prices of rare earth carbonate standing at 35,100-35,400 yuan/mt and the prices of medium yttrium-rich europium ore stabilising at 201,000-202,000 yuan/mt. Given the weak downstream demand and falling rare earth prices, the prices of rare earth concentrates also continued to decline and the profits of mining enterprises were greatly reduced.