The report states that to date Chinese government efforts to stimulate prices, via the creation of a national rare earth stockpile, have been in vain as non-legal miners continue to offer low-priced material.
Yttrium, neodymium, and dysprosium have fallen 3%, 9% and 8.8% m.o.m. respectively and prices are not expected to improve as end-users continue to be reluctant to replenish their stocks. Average Chinese NdFeB magnet prices have fallen from RMB265/kg in February 2012 to RMB200/kg in July.
Posted by: Paul Whittaker, Editor ipmd.net, [email protected]