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Cerium Oxide Prices – June 28, 2021

Posted by: Fymicohuang 2021-06-29 Comments Off on Cerium Oxide Prices – June 28, 2021

Cerium Oxide Prices – June 28, 2021

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Category: tungsten‘s News
Published on Wednesday, 30 June 2021 09:39

Rare earth market quotation in China: cerium oxide, neodymium oxide and lanthanum oxide prices are unchanged on June 28, 2021. In the case of limited support from favorable factors, rare earth smelting companies have been slightly weak in raising prices. 

In the medium and long term, although the development prospects of downstream emerging industries such as wind power, new energy vehicles, and 5G are promising, it is still difficult to offset the resistance of downstream and end customers to the current supply of goods in the short term.

From January to May, the added value of industrial enterprises above designated size in Guangdong was 1.37 trillion yuan, a year-on-year increase of 21.0%, and an average growth of 5.2% over the two years. Among the major types of industries in production in the province, 37 industries have increased in value-added year-on-year, and 32 industries have a positive two-year average growth rate. The modern industry developed steadily. The added value of advanced manufacturing increased by 18.1% year-on-year, an average increase of 4.9% in two years; the added value of high-tech manufacturing increased by 10.7% year-on-year, and an average increase of 3.4% in two years. Among the pillar industries, the added value of the electronics, electrical, and automobile manufacturing industries increased by 8.7%, 37.1%, and 35.8% respectively year-on-year, and the two-year average growth rate was 2.0%, 13.0%, and 3.9% respectively.

Prices of rare earth products on June 28, 2021

Cerium Oxide Prices - June 28, 2021

Picture of cerium metal

Cerium Oxide Prices - June 28, 2021

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Cerium Oxide Prices - June 28, 2021

 

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