Weakness in rare earth markets sees prices drop
September 17, 2012
The August 2012 monthly analysis on the Rare Earth Marker published by Core Consultants and Metal Pages shows that weakness continues to prevail in this market resulting in lower prices.
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]
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