SHANGHAI, Nov 19 (SMM) - China’s total rare earth exports from January to September, 2021 came in at 35,637 mt, up 35% on the year. China’s monthly rare earth exports have stabilised entering H2 and the average monthly exports stood at 3,956 mt in June-September.
The prices of rare earth products in China fluctuated slightly in August-September. The exports were basically flat from August. The European and American markets ended the summer break in September, and the demand was better than in August. However, the exports did not increase amid tight domestic supply.
In addition, although the prices of many rare earth products in China rose sharply year-on-year in September, the exports increased YoY in September as overseas markets rely heavily on domestic supply and their demand in 2020 has been greatly suppressed by the Covid-19 pandemic, which resulted in a lower baseline.
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