Relieving price jump for rare earthThis is the NEWS for today!!!
Rare-earth prices rise on slowed production
Prices of rare earths in China have rebounded recently due to a halt in production and market expectations of large purchases for State Reserves, market analysts told the Global Times Tuesday.
Currently, the price of praseodymium neodymium oxide, a major rare-earth product, is about 32,000 yuan ($5,137) per ton, compared with 23,000 yuan at the end of October, a rise of nearly 40 percent, said Gong Xinghao, a rare-earth analyst with metal information portal smm.cn.
The recent price jump is mainly the result of a suspension of production, Zhang Anwen, deputy secretary-general of the Chinese Society of Rare Earths, told the Global Times Tuesday.
Moreover at: https://www.globaltimes.cn/content/744158.shtml