The price of rare earth dropped within three to four years within six months

Since December, the average price of major rare earth products has fallen by 30% to 40% from June. Since the second half of the year, large-scale rare earth companies have stopped production or reduced production, but they have not been able to curb prices of rare earth all the way down.

The reporter learned from major rare earth production enterprises in the country on December 11th that the rare earth market, which has entered the downward avenue since July of this year, has been falling all the way, and the price of various kinds of rare earth products in the country is generally in the doldrums. At present, the main domestic rare earth prices are: yttrium oxide 755200 ~ 831100 yuan / ton, yttrium oxide 12136 ~ 14090 yuan / kg, yttrium oxide 16470 ~ 18230 yuan / kg, yttrium oxide 7845 ~ 8470 yuan / kg, yttrium oxide 311410 ~ RMB 364,200/ton, antimony oxide 123,201 to RMB 130,200 yuan/ton, antimony oxide, 762,100 to 8,1800,800 yuan/ton, and antimony oxide, 873,020 to 1,12,000 yuan/ton.

Experts told reporters that the main reason for the continuous decline in the price of rare earths was the excessive exploitation of rare earth minerals in the first half of the year when the price of rare earths soared in the first half of the year. The indiscriminate mining and mining practices in some areas were serious, resulting in oversupply in the market, and the soaring prices also inhibited downstream separation. The demand of the industry led to the shrinking of demand in the later period. On the other hand, due to the tight capital chain and the reduction of downstream demand, the price of rare earth began to gradually fall. Affected by the country’s restrictions on rare earth mining quotas and the implementation of special invoices for rare earths, dealers started to sell heavily. Scarce goods, resulting in an accelerated decline in rare earth prices.

It is worth noting that, since the second half of the year, the suspension or reduction of production of large rare earth enterprises such as Minmetals Group and Baotou Steel Rare Earth Co., Ltd. has failed to contain the downward trend of rare earth prices, indicating that the industry structure relying on resource integration and the development of major industries led by large enterprises has not yet taken shape. Fully formed, and standardize the order of the industry, strengthen supervision of rare earth mining is still the current stable market price of rare earths, rationalizing the market operating mechanism is the key.

Although the domestic sales prices have continued to fall, the prices of export products have remained stable overall and have risen and priced. This year, China's first batch of rare earth export quota for general trade is 14,446 tons, the second quota is 15,738 tons, and the annual quota is 30,184 tons. In the first three quarters of this year, China exported a total of 12 thousand tons of rare earths, a 65% reduction from the same period of last year.

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