SHANGHAI, Apr. 21 (SMM) – Rare earth prices in China have been rising significantly of late, and share prices of listed rare earth companies kept hitting daily upside limit amid a rout in Chinese A-share market.
Shanghai Securities News attribute recent price spike to commercial rare earth stockpiling and growing downstream demand.
China to Begin Commercial Stockpiles of Rare Earths
As of April 18, praseodymium -neodymium oxide was offered above 260,000 yuan per tonne. Inquiries for dysprosium oxide picked up a lot, but most suppliers held back goods, waiting for even higher prices. Those willing to sell raised offers of dysprosium oxide up to 1.2 million yuan per tonne, and offers of terbium oxide were also raised to 2.3 million yuan per tonne.
SHANGHAI, Apr. 21 (SMM) – Rare earth prices in China have been...
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