Latest Update in the China Rare Earth Oxides Market

rades in the rare earth market further thinned. On prices, prices of upstream magnetic materials, including praseodymium, neodymium, terbium, dysprosium, gadolinium and holmium, declined to varying degrees. The quotations of products such as lanthanum, cerium, samarium, europium, and gadolinium stabilised.

According to China Northern Rare Earth (Group) High-Tech (High-Tech), the net profit attributable to shareholders of the world‘s largest supplier of light rare earth products in 2020 totalled 833 million yuan, a year-on-year increase of 35.1%. Operating income stood at 21.25 billion yuan, up 17.43% year-on-year; basic earnings per share were 0.2303 yuan, up 35.1% year-on-year. In 2021, the company plans to achieve operating income of 22 billion yuan with a total profit of 1 billion yuan.

The dollar slumped to a six-week low against major peers on Monday, with Treasury yields near their lowest in five weeks, after the U.S. Federal Reserve reiterated its view that any spike in inflation was likely to be temporary.

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on April 19, 2021

The dollar fell to a four-week low against a basket of currencies on Friday, still smarting from a sharp drop in U.S. Treasury yields the previous session, and as investors increasingly bought into the Federal Reserve’s insistence it would keep an accommodative policy stance for a while longer.

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on April 16, 2021

The dollar index was little changed on the day on Thursday as investors balanced bullish data showing U.S. retail sales rose by the most in 10 months in March against a continued drop in U.S. Treasury yields.

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on April 15, 2021