Latest Update in the China Rare Earth Metals Market

According to SMM survey on the domestic major aluminium processing enterprises, their operating rates will vary during the National Day holiday, depending on their orders. Most of the small and medium-sized enterprises will close for 3-7 days for the holiday, while larger ones will take a shorter or even no break.

SHANGHAI, Sep 29 (SMM) – In the last trading week before the National Day holiday, the rare earth spot market performed well.

With the holiday approaching, the market sentiment may cool down, and SMM predicts that rare earth prices will fluctuate narrowly through the time before the holiday.

Rare earth prices rose as a whole today. According to SMM understanding, the mainstream transaction price of PrNd has been raised to 665,000-675,000 yuan/mt, terbium oxide 12,700-12,800 yuan/kg...

According to the General Administration of Customs, China rare earth metal ore imports stood at 3,295.5 mt in August, down 41.92% YoY and 53.43% MoM; the imports totalled 51,600 mt in the first eight months of 2022, up 2.35% YoY.

Rare earth products prices were flat from the previous week, and the prices of light rare earths rose slightly. On the supply side, the sudden outbreak of the pandemic in Jiangxi province, coupled with the Mid-Autumn Festival holiday and the afterwinds of the high temperature-induced power rationing, affected the production of rare earth enterprises, weighing on the release of rare earth capacity across the country.

SHANGHAI, Sep 13 (SMM) - China Northern Rare Earth (Group) High-tech Co., Ltd. today released its list prices of rare earth products for delivery in September.

China's copper cathode output stood at 856,500 mt in August, up 1.97% month-on-month and up 4.54% year-on-year.