China Rare Earth Prices Fluctuate Upwards Amid Increased Inquiry and Trading Activity

Today in the rare earth market, prices are on the rise, with overall fluctuations heading upward. This means that finding low-priced goods in the market might be a bit more challenging due to separation plants quoting higher prices. Downstream purchasing companies are showing increased interest, leading to a boost in actual trading volume compared to previous periods. As a result, rare earth transaction prices have seen a significant increase from the previous working day. Metal plants have also followed suit by raising their quotes. However, the increase in metal prices has been relatively small, with magnetic material plants not significantly increasing their procurement volume.

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In other related news, imports of unlisted rare earth oxides decreased significantly month-on-month in October, according to data released by the General Administration of Customs. The market outlook for enterprises seems pessimistic, resulting in sluggish trading sentiment. However, NEV production and sales in China continue to grow, leading to significant polarization in the rare earth permanent magnets market.

With recent fluctuations in rare earth prices and the suspension of production at Myanmar’s rare earth mines, the industry is in a state of uncertainty. However, it’s expected that prices for Pr-Nd oxide will remain stable in the coming weeks. Overall, the rare earth market is experiencing slight fluctuations, with a cautious eye on future trends in raw material prices.

In sum, the rare earth market is dynamic and subject to various influencing factors. Stay tuned for further updates on this evolving situation.