Due to the continuous decline in battery prices, EVE Energy's revenue and net profit both declined in the first quarter of this year, but the company's energy storage battery business continued to grow, with shipments surpassing that of power batteries.
Analysis of China’s rare earth import and export in March 2024 [SMM Analysis]
According to customs data, China's rare earth metal ore imports in March 2024 were 5905.7 tons, a year-on-year increase of 55% and a month-on-month increase of 68%. The cumulative imports from January to March 2024 were 13,511 tons, a year-on-year decrease of 19%. From January to March 2024, China's unspecified rare earth oxide imports totaled 12,135 tons, a year-on-year increase of 21%. The import volume in March was 5169.3 tons, a year-on-year increase of 34% and a month-on-month increase of 65%.
Silver prices fluctuated slightly [SMM Daily Comment]
The silver prices opened at $27.137 per ounce on April 25.
Good news drove rare earth prices to rise rapidly
Today, rare earth prices rose rapidly. According to SMM, mainstream transaction price in the PrNd oxide market rose to 396,000-400,000 yuan/ton. The price of dysprosium oxide increased to 2020-2040 yuan/kg. The price of terbium oxide also increased to 6420-6480 yuan/kg. The price of gadolinium oxide was raised to 186,000-190,000 yuan/ton, and the price of holmium oxide rose to 500,000-510,000 yuan/ton.
Spot quotes in Shanghai zinc market were firm
Mainstream traded prices of #0 zinc were 22250~22390 yuan/mt today, with 22360~22480 yuan/mt for Shuangyan zinc, and 22180~22320 yuan/mt for #1 zinc.