The Ganzhou Rare Earth Industry Association recently raised the guide price of ionic rare earth ores for late December bookings by 8 to 9 percent, after its last hike in late October.
The following table shows details of the price adjustment by the association. (Unit: yuan/tonne)
|
Item |
Adjustment range |
Price after adjustment |
|
Medium-yttrium and rich-europium |
Up 15,000 |
195,000 |
|
Longnan high-yttrium ore |
Up 15,000 |
205,000 |
|
Anyuan high-yttrium ore |
Up 15,000 |
195,000 |
|
Xunwu low-yttrium and low-europium |
Up 10,000 |
120,000 |
Downstream enterprises' purchases of the raw materials and the decline in low-price ore inventories prompted the association to raise ore prices, said the Shanghai Metals Market (SMM), a leading metal information provider in China.
Latest comments