Monthly Rare Earth Market Report Apr 2020

1. Market Highlights 3

2. Economy and Policy 3

2.1 Exchange rate of US dollar against Chinese Yuan in April 2020 down by 280 basis points MOM 3

3. Market Movements 3

3.1 Domestic Market Trend Review 3

3.1.1 Chinese PrNd oxide and mischmetal markets 3

3.1.2 Chinese neodymium oxide and metal markets 3

3.1.3 Chinese praseodymium oxide market 4

3.1.4 Chinese dysprosium oxide and ferrodysprosium markets 4

3.1.5 Chinese terbium oxide and metal markets 4

3.1.6 Chinese cerium oxide market 5

3.1.7 Chinese lanthanum oxide market 5

3.1.8 Chinese europium oxide market 5

3.1.9 Chinese yttrium oxide market 6

3.2 International Market Review 6

3.2.1 Chinese neodymium metal export market 6

3.2.2 Chinese ferrodysprosium export market 6

3.2.3 Chinese lanthanum oxide export market 6

3.2.4 European praseodymium oxide market 7

3.2.5 European cerium oxide market 7

4. Company News (Top 10) 7

4.1 Changting Golden Dragon's NdFeB component supporting surface processing expansion project gets EIA approval 7

4.3 Hastings gets environmental approvals for Yangibana rare earths project 8

4.4 Jiayuan Magnetoelectricity Technology to install 16 NdFeB magnet sintering furnace 8

4.5 Rainbow Rare Earths continues to export through Tanzania 8

4.7 China Southern Rare Earth and CRRC sign cooperation agreements on significant projects 8

4.8 Hangzhou Rongjia Magnet's NdFeB output to decrease by half MOM 8

4.9 MP Materials awarded contract for phase 1 of U.Asian Metal Copyright2 China's rare earth average export price in March 2020 up by 2.Asian Metal CopyrightS. heavy rare earth separation facility 8

4.10 Zhejiang Sheensen Magnetics' NdFeB magnet output to up by 14% 9

5. Producers Statistics 9

5.1 China's PrNd oxide producers' statistics 9

5.1.Asian Metal Copyright heavy rare earth separation facility 8 4.Asian Metal Copyright1 China's PrNd oxide producers' output in April 2020 soar up by 2.8% MOM 9

5.1.Asian Metal Copyright2 China's neodymium metal major producers' operating rate in April 2020 up by 3.Asian Metal Copyright2 China's PrNd oxide producers' average operating rate in April 2020 up by 0.82% MOM 9

5.1.Asian Metal Copyright1 Exchange rate of US dollar against Chinese Yuan in April 2020 down by 280 basis points MOM 3 3.Asian Metal Copyright3 China's PrNd oxide producers' stocks in April 2020 down by 0.8% MOM 9

5.2 China's PrNd mischmetal producers' statistics 10

5.2.Asian Metal Copyright1 Changting Golden Dragon's NdFeB component supporting surface processing expansion project gets EIA approval 7 4.Asian Metal Copyright1 China's PrNd mischmetal major producers output in April 2020 edge up by 3.3% MOM 10

5.2.Asian Metal Copyright13 Price trend for yttrium oxide 14 8.Asian Metal Copyright2 China's PrNd mischmetal major producers' operation rate in April 2020 edge up by 1.38% MOM 10

5.2.Asian Metal Copyright5.Asian Metal Copyright3 China's PrNd mischmetal producers' stocks in April 2020 down by 6.3% MOM 10

5.3 China's neodymium metal producers' statistics 10

5.3.1 China's neodymium metal major producers' output in April 2020 up by 15% MOM 10

5.3.Asian Metal Copyright4.Asian Metal Copyright2 China's neodymium metal major producers' operating rate in April 2020 up by 3.8% MOM 11

5.3.Asian Metal Copyright2 Chinese ferrodysprosium export market 6 3.Asian Metal Copyright3 China's neodymium metal producers' stocks in April 2020 down by 8.3% MOM 11

5.4 China's dysprosium oxide producers' statistics 11

5.4.Asian Metal Copyright3 Hastings gets environmental approvals for Yangibana rare earths project 8 4.Asian Metal Copyright1 China's dysprosium oxide major producers output in April 2020 down by 6.3% MOM 11

5.4.Asian Metal Copyright1.Asian Metal Copyright2 China's dysprosium oxide major producers' operating rate in April 2020 up by 0.19% MOM 12

5.4.Asian Metal Copyright1 Price trend for PrNd oxide 13 8.Asian Metal Copyright3 China's dysprosium oxide major producers' stocks in April 2020 increases by 8.5% MOM 12

5.5 China's ferrodysprosium producers' statistics 12

5.5.Asian Metal Copyright8 Price trend for terbium oxide 14 8.Asian Metal Copyright1 China's ferrodysprosium major producers' output in April 2020 down by 13.1% MOM 12

5.5.Asian Metal Copyright4 European praseodymium oxide market 7 3.Asian Metal Copyright2 China's ferrodysprosium major producers' operating rate in April 2020 down by 13.1% MOM 13

5.5.3 China's ferrodysprosium major producers' stocks in April 2020 down by 8% MOM 13

6. Customs Statistics (March 2020) 13

6.1 China's rare earth export volume in March 2020 down by 17.3% YOY 13

6.2 China's rare earth average export price in March 2020 up by 2.5% YOY 13

7. Relevant Industry News 13

7.1 NdFeB Magnet industry 13

7.2 Rare earth phosphors industry 13

8. Market Outlook for Next Month 13

8.1 Price trend for PrNd oxide 13

8.2 Price trend for PrNd mischmetal 13

8.3 Price trend for neodymium oxide 14

8.4 Price trend for neodymium metal 14

8.5 Price trend for praseodymium oxide 14

8.6 Price trend for dysprosium oxide 14

8.7 Price trend for ferrodysprosium 14

8.8 Price trend for terbium oxide 14

8.9 Price trend for terbium metal 14

8.10 Price trend for cerium oxide 14

8.11 Price trend for lanthanum oxide 14

8.12 Price trend for europium oxide 14

8.13 Price trend for yttrium oxide 14

8.14 Export price trend for Chinese neodymium metal 14

8.15 Export price trend for Chinese ferrodysprosium 14

8.16 Export price trend for Chinese lanthanum oxide 14

8.17 Price trend for praseodymium oxide prices in European market 14

8.18 Export price trend for cerium oxide prices in European market 14