Rare earth prices rose last week, but may gradually stabilize

Published: Apr 15, 2024 15:57

Source: SMM

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Overall, rare earth prices went up last week.

Overall, rare earth prices went up last week. The price rise was contributed by several factors, including slightly recovering end-user demand, tightening supply of low-price ore, procurement by large buyers, and speculative activity by traders. Downstream buyers are cautious amid the current high raw material prices. As a result, even though inquiries in the market were active, actual transaction volume did not increase notably. Rare earth prices may gradually stabilize.

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