China Rare Earth Price – March 5, 2021
- Category: tungsten’s News
- Published on Friday, 05 March 2021 17:57
China rare earth price showed a strong increase in the week ended on Friday March 05, 2021 despite of deadlocked supply and demand in the market. The low-priced resources were hard to find under the situation.
From the demand side, first, as the global epidemic situation gradually improves, overseas manufacturing is slowly recovering, which in turn increases the demand for rare earths. Therefore, traders kept firm offers; second, in the context of carbon neutrality, the development of emerging industries is expected to improve. It is expected to expand the demand for rare earth functional materials, which has become an important source of current traders' confidence in quotation.
From the supply side, first, due to the instability of geopolitics in various countries, the domestic import market was generally active, so the import volume was limited; second, under the control of environmental protection, rare earth mining enterprises' capacity release growth rate was slow, and it was difficult to meet demand.
Prices of rare earth products on March 5, 2021
Picture of terbium oxide
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