Rare Earth Market Report June 2015
2015-07-15 09:06:29 【Print】
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The rare earth market was still in low performance in June. The demand from downstream industries softened, which resulted in reducing deals and dropping price. Suppliers were pessimistic about the market in the coming days. Some of them disclosed that they have been in deficit and planned to cease production in Q4. The decreasing NdFeB magnet orders resulted in limited buying activities and declining prices in markets for PrNd, dysprosium and terbium related products. As rare earth phosphor powder industry showed no signs of rebounding, the demand for europium and yttrium kept poor and there were few deals in the markets. The markets for lanthanum and cerium were still flat and purchasers held wait-and-see attitudes. As July and August is usually the slack season for NdFeB magnet industry and phosphor powder, catalytic, polish powder markets show no signs of rebounding, it is predicted that rare earth market will continue to witness slow buying activities and sliding price in July.
