Rare Earth Market Report February 2017
2017-03-06 18:48:37 【Print】
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The rare earth market witnessed rapidly and continuously rising price after the Spring Festival holiday due both to the higher price expectations among insiders and sharply increasing offers of China Northern Group
. The PrNd and Tb products’ prices lifted by around 5% and 3 . 5% respectively, while dysprosium price did not fluctuate much due to sufficient supply and weak demand . Owing to tight supply of rare earth concentrate, some major separation plants remained out of production this month . The price showed flatten trend taking the watchful attitudes towards rare earth reserve into consideration . Insiders predicted that the rare earth price would stand stable in March.