[SMM rare Earth Daily Review 09.05] rare earth product prices are up again in the second half of the year, and there is still room for upward growth.

Published: Sep 5, 2019 18:51

SMM, Sept. 5 / PRNewswire-Asianet /-

Today, the prices of praseodymium neodymium oxide, dysprosium oxide and terbium oxide all rose. Praseodymium neodymium oxide quoted at 32.3-328000 yuan / ton, neodymium oxide followed by 32.5-330000 yuan / ton, dysprosium oxide rose to 191-1.94 million yuan / ton, and the price of terbium oxide was raised to 393-3.95 million yuan / ton. Still affected by the supply of rare earths in the second half of the year, the confidence of upstream businesses continues to be good, the quotation of large factories is relatively strong, the prices of rare earth products continue to rise, and the actual transaction in the market is general. In September, metal and downstream enterprise demand gradually pick up, is expected to be affected by the second half of the supply tightening, demand recovery, praseodymium neodymium, dysprosium, terbium and other rare earth products prices still exist.

 

"Click to view historical data on spot price of SMM metals

"editor quietly screenshot SMM metal spot quotation page quickly watch ~!

[focus] 2019 China rare Earth permanent Magnet Industry Market Application Development Forum

The trade war between China and the United States has made rare earths become the focus of global attention. China has the largest rare earth industry resources and export dominance in the world, and the world is highly dependent on China's rare earths, especially the United States. How will China make good use of the development advantages of the rare earth industry in the future? how to improve the development of the industry, monitor and crack down on black rare earths in order to standardize the ecological environment of the industry, and whether the rare earth industry has become a rising star after it has been put forward for strategic development? Whether the rare earth enterprise ushered in the tuyere? How will the price of rare earths go? At the 2019 China rare Earth permanent Magnet Industry Market Application Development Forum, SMM will invite industry experts and enterprise bigwigs to interpret the market focus topics for everyone, and provide technical professional guidance for the high-quality development of enterprises, so as to help enterprises have more advantages in the fierce competition. Welcome to the summit, together with the industry!

"Click to sign up for this summit

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
Australian Govt Orders Sale of Chinese Stake in Rare Earth Firm Amid Security Concerns
3 hours ago
Australian Govt Orders Sale of Chinese Stake in Rare Earth Firm Amid Security Concerns
Read More
Australian Govt Orders Sale of Chinese Stake in Rare Earth Firm Amid Security Concerns
Australian Govt Orders Sale of Chinese Stake in Rare Earth Firm Amid Security Concerns
[SMM Rare Earth News Flash] According to foreign media reports, the Australian government ordered six China-linked shareholders of rare earth company Northern Minerals to sell their stakes within two weeks, with combined holdings of nearly 27%. This was the second such intervention by Canberra in two years, aimed at protecting the country's heavy rare earth industry from external influence. The company is developing the Browns Range heavy rare earth project in Western Australia, where products such as dysprosium and terbium are critical to national defense and the semiconductor industry.
3 hours ago
Arafura Rare Earths Inks Deal with Traxys to Supply US Critical Minerals for Defense and Tech Sectors
3 hours ago
Arafura Rare Earths Inks Deal with Traxys to Supply US Critical Minerals for Defense and Tech Sectors
Read More
Arafura Rare Earths Inks Deal with Traxys to Supply US Critical Minerals for Defense and Tech Sectors
Arafura Rare Earths Inks Deal with Traxys to Supply US Critical Minerals for Defense and Tech Sectors
Arafura Rare Earths, listed on the Australian Securities Exchange, has signed a binding offtake letter of intent with global physical rare earth trader Traxys North America to support the revival and development of domestic manufacturing in the US automotive, national defense, and advanced technology sectors. Traxys plans to supply 500 mt/year of neodymium-praseodymium (NdPr) oxide and 7.5 mt/year of dysprosium-terbium (DyTb) oxide from Arafura's Nolans project in Australia's Northern Territory to US enterprises, including potential supply to "Project Vault" managed by the US Export-Import Bank (Exim). The plan aims to provide a tactical buffer against critical minerals supply shocks.
3 hours ago
Brazilian Regulator Cade Launches Probe into USAR's Acquisition of Serra Verde Rare Earth Mine
3 hours ago
Brazilian Regulator Cade Launches Probe into USAR's Acquisition of Serra Verde Rare Earth Mine
Read More
Brazilian Regulator Cade Launches Probe into USAR's Acquisition of Serra Verde Rare Earth Mine
Brazilian Regulator Cade Launches Probe into USAR's Acquisition of Serra Verde Rare Earth Mine
Brazil's antitrust regulator Cade launched an investigation into US rare earth company USAR's proposed acquisition of Brazilian rare earth producer Serra Verde. Serra Verde is currently Brazil's only operational rare earth mine. The transaction includes a 15-year offtake agreement between Serra Verde and a special purpose vehicle funded by US government agencies including the Department of Commerce and the Department of Energy. The agreement explicitly stipulates lowest prices for rare earth elements such as neodymium, praseodymium, dysprosium, and terbium.
3 hours ago
[SMM rare Earth Daily Review 09.05] rare earth product prices are up again in the second half of the year, and there is still room for upward growth. - Shanghai Metals Market (SMM)