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SMM Rare Earth Weekly Survey: Trading for Rare Earth Products Turns Quiet (5-9 Aug. 2013)Date:2013-08-13

SHANGHAI, Aug. 12 (SMM) – SMM sources reported that despite low buying interest, rare earth enterprises held quotes high during the past week and refused to sell at lower prices considering the upcoming crackdowns on illegal rare earth producers. In this context, trading for rare earth products was light. 

Last week, prices were RMB 28,000/mt for lanthanum oxide, RMB 28,500/mt for cerium oxide, RMB 487,000/mt for praseodymium oxide, RMB 335,000/mt for neodymium oxide, RMB 340,000/mt for didymium oxide, RMB 4,700/kg for europium oxide, RMB 2,280/kg for dysprosium oxide, RMB 185,000/mt for gadolinium oxide, RMB 47,000/mt for cerium misch metal, RMB 432,000/mt for praseodymium-neodymium alloy and RMB 2,320,000/mt for dysprosium-iron alloy.
 
SMM believes the clampdown scheduled to be launched since August 15 will keep domestic rare earth product prices at high levels. 

 

Tags: price of rare earth products,  rare earth trading