China would appear quite serious in restoring RE economic values with another round if State purchasing, right at the point of maximum impact as downstream restocks post NY holidays. And they've lifted prices on some elements such as NdPr to meet higher mkt prices.
On one hand they are constraining supply with environmental inspections and other measures (plenty of reports production running c50% capacity), on the other they continue to draw stock out of what appears to be an increasingly tight market.
China’s national stockpile buying of rare earths completed, higher buying prices seen
2017-01-20 15:04:30
BEIJING (Info-RE) 20-Jan-17 Market sources said that a conference about a new round of China’s national stockpile buying of rare earths was held on January 19, 2017 and some rare earth elements would be reserved in the coming weeks.
Main rare earth producers, including Chalco, Ganzhou Mining Group, Guandong Rising Nonferrous Metals, Xiamen Tungsten Group and China Nonferrous Metal Industry’s Foreign Engineering And Construction Co., Ltd participated in the bidding process.
Over 2,000 tonnes rare earth oxides would be stocked by the government reserves this time. And buying prices were seen some increases compared to the buying prices seen in December 2016.
Details for China’s national stockpile buying of rare earths in January 2017:
http://www.info-re.com/index.php?/shop/article/3197
Column 1 Column 2 Column 3 0 Product Buying Price(RMB/tonne) Buying Amount(tonne) 1 Pr/Nd Oxide 260,000 1,300 2 Eu Oxide 4,500,000 80 3 Tb Oxide 3,000,000 95 4 Dy Oxide 1,250,000 440
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