Rare Earth Market Report May 2015
2015-06-25 14:05:17 【Print】
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Rare earth market was flat in May
. The softening demand from NdFeB magnet and phosphor powder industries resulted in limited buying activities and dropping prices in rare earth market . Consumers delayed purchases . It was hard for suppliers to make deals and they believed they will lose money if the price kept declining . Some separation plants have cut down production . The markets for PrNd, dysprosium and terbium witnessed few deals and sliding prices due to weak demand . The markets for europium and yttrium continued to be inactive and the prices were still on the decline . Consumers were inactive to purchase lanthanum and cerium as the markets were oversupplied . Taking poor demand into consideration, it is predicted that rare earth market will continue to be flat and the price will keep going down in June .