Latest Update in the China Rare Earth Oxides Market

On October 26, the People's Bank of China (PBOC) implemented a seven-day reverse repo of 200 billion yuan in the open market, with the bidding interest rate of 2.20%.

In response to the recent hot events in the real estate industry, many Chinese regulatory agencies have recently intensively spoken out on different occasions.

The National Development and Reform Commission (NDRC) will do its best to ensure the stability of the supply and prices of bulk commodities, Jiang Yi, deputy director of the NDRC’s System Reform Department, stated at the NDRC press conference held on October 21.

China's output of praseodymium-neodymium (PrNd) oxide in September 2021 stood at 5,814 mt, up 1.6% on the month. The increase was mainly contributed by Sichuan, and the output in other regions was largely unchanged, according to SMM research.

The output of copper cathode in September stood at 802,900 mt in September, down 2% on the month and up 0.4% on the year.

This is an overview of China’s imports and exports of metals in September.

The rare earth market saw extensive prices hike this week though the transaction has been slack. While the traders were mostly optimistic over the future trajectory of development, thus held back goods, supporting the spot prices.

China's output of praseodymium-neodymium (PrNd) oxide in September 2021 stood at 5,814 mt, up 1.6% on the month. The increase was mainly contributed by Sichuan, and the output in other regions was largely unchanged.