Rare Earth Market Report May 2012
2012-06-07 17:32:53 【Print】
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Pushed by weak global economy, rare earth markets remain quiet in May
Transactions of foreign market are few, and demand of light rare earth elements, such as lanthanum, cerium, are sluggish with low prices. There are few inquiries for heavy rare earth materials, and prices go down a bit . The sources are not optimistic about the market in Q3.
. Lack of support of the real needs from downstream industries, buyers are reluctant to replenish inventories of rare earth products and prefer to make purchases from hand to mouth; prices of rare earth show decreasing tendencies, but ranges are not much . Participants hold wait-and-see attitude towards the market in the near future. Transactions of foreign market are few, and demand of light rare earth elements, such as lanthanum, cerium, are sluggish with low prices. There are few inquiries for heavy rare earth materials, and prices go down a bit . The sources are not optimistic about the market in Q3.