Rare Earth price rebound or short-lived

Starting in mid-November, as the supply of rare earth companies tightened, the price of rare earths rose across the board, triggering expectations of the warming of the rare earth industry.

The industry believes that the current rebound in rare earth prices or short-term phenomenon, due to the long-term low prices of rare earth and the downstream consumer market shrink, the future growth of the performance of the industry companies will also face greater pressure.

According to relevant media reports, since the beginning of November, rare earth varieties such as yttrium oxide, lanthanum oxide, and yttrium iron have experienced a significant increase in prices. Among them, the largest increase in cerium oxide, up to nearly 35%; while the increase in cerium oxide, niobium iron is also more than 30%. In addition, lanthanum oxide, yttrium oxide, antimony metal and other species all experienced a rise of more than 10%.

Experts from the China Institute of Rare Earths also believe that the rare earth prices are closely related to the recessionary economic environment and the demand for rare earths has been shrinking. The task of integration and merger and reorganization of the rare earth industry is also very arduous, and the rare earth market will be difficult to recover during the year.