English
SHANGHAI, Dec 28 (SMM) – Recently, the prices of rare earth have continued to rise. Dysprosium oxide and terbium oxide were quoted at 2,470-2,510 yuan/kg and 13,920-13,980 yuan/kg, respectively, setting a new high in the past six months.
As early as the beginning of this month, rare earth prices have stabilised before rallying.
CITIC Securities believes that with the strong support of supply and demand as well as policies, the industry chain will make steady progress in profitability from Q4 2022 to Q1 2023.
In 2023, the prices of rare earths may continue to rise, and the profits of the industry chain are expected to continue to pick up. SHANGHAI, Dec 26 (SMM) – The imports and exports of rare earth were severely hindered due to repeated blockades by the customs.
The import volume of rare earth metal ore in November 2022 was 3,803 mt, a year-on-year decrease of 71% and a month-on-month decline of 55%. Imports from January to November 2022 totalled 72,000 mt, a year-on-year increase of 1%.
China imported 1,303 mt of unspecified rare earth oxide in November, down 12% year on year and 50% month on month. YTD imports through November stood at 11,000 mt, a year-on-year decrease of 41%. Exports of unspecified rare earth oxide in November 2022 stood at 292 mt, down 60% year on year and 32% month on month. Total exported from January to November 2022 stood at 3,741 mt, a year-on-year decrease of 37%.
In November, more than 80% of China’s unspecified rare earth oxides imports came from Myanmar. Exports to Japan accounted for the lion’s share and stood at 182 mt in November, a rise of 24 mt from October.
China imported 42 mt of mixed rare earth carbonates in November, and the cumulative imports from January to November 2022 were 1,517 mt, a year-on-year decrease of 65%.
China’s total exports of rare earth from January to November totalled 44,000 mt, a year-on-year decrease of 0.9%. However, the export value increased by 72.7% year on year.
At present, rare earth prices have strengthened as the supply can hardly grow and as the demand remains strong. As an important, non-renewable strategic resource, the development of the rare earth industry will continue to improve.
Source: https://news.metal.com/newscontent/102047363/Chinas-Imports-and-Exports-of-Rare-Earth-Both-Declined-in-November-2022/
