Chinese rare earths are on the rise, with the largest producer announcing price increases of 5% from last quarter to $2,539.2/t.
Chinese rare earths are on the rise, with the largest producer, China Northern Rare Earth Group High-Tech, announcing price increases of 5% from last quarter to $2,539.2/t .The price will adjust by $51/t for every 1% variation in rare earth oxide percentage, it added.
However, China's emerging dominance of rare earth supply was only ever downstream of its role as the key driver of rare earth demand.2025 OutlookPrice reporting agency Fastmarkets said in a note to the market that rare earths dropped at the start of the year as demand waned. "Week after week, suppliers attempted to raise offer prices only to be met with weak or absent demand from China's huge downstream magnet sector.
Ltd. Inner Mongolia Baotou Steel Union Co. Ltd. Fastmarkets
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