News News
Contact us
  • Customer service number:64321087
  • Commercial service telephone:13918059423
  • Technical service telephone:13918059423
  • Contact person: Mr. Cui 
  • Service email:shxtb@163.com
  • Address: room 107, building 8, no. 100, guilin road, xuhui district, Shanghai

Will rare earth prices increase 50% in the next five years

The date of: 2018-11-29
viewed: 0

Source:Recycling International

China remains the world’s largest producer and consumer of rare earth metals. However, it has lowered production of the highly valued materials in the second half of the year by 36%. This move is forcing carmakers and electronics producers to find alternative supplies to meet strong demand in these two sectors.

According to Adamas Intelligence, a research firm that closely tracks the rare earths industry, the cut in China’s quota for separation and smelting is an attempt to better control the market.

Production decrease

China is limiting domestic rare earth production in the second half of 2018 to 45 000 tonnes – said to be the lowest production figure in more than five years. Adamas calculates this will only be enough to supply China’s domestic buyers.

In the first half of 2018, the figure was 70 000 tonnes, 40% higher than the first half of 2017. But that increase was seen by analysts and manufacturers as a method to ‘legitimise’ black market production, with Chinese manufacturing still consuming most of the supply.

15% export jump

Chinese exports typically supply around 80% of the globe’s rare earth demand – approximately 156 000 tonnes annually. September figures show that exports jumped 15% from August levels, despite falling earlier in the year.

Prices for one key mineral, PrNd Oxide, could increase by between 10% and 50% within the next 12 months, according to the experts. It is thought likely this development will see overall prices double within next five years as demand outpaces supply.


Hot News / Related to recommend
  • 2022 - 05 - 27
    Click on the number of times: 1
    source:scienceAbstractThe study of subtle effects on transport in semiconductors requires high-quality epitaxial structures with low defect density. Using hybrid molecular beam epitaxy (MBE), SrTiO3 f...
  • 2022 - 05 - 26
    Click on the number of times: 1
    source:news.yaleScientists have found a new, nanoscale link between superconductivity — the flow of electric current without a loss of energy — and a phenomenon known as charge density waves.The disco...
  • 2022 - 05 - 25
    Click on the number of times: 1
    source:natureAbstractAn optimized sol–gel protocol was carried out to produce an yttrium aluminum garnet (YAG) xerogel from aluminum alkoxide and an yttrium salt on a semi-pilot scale. This xerogel wa...
  • 2022 - 05 - 24
    Click on the number of times: 0
    source:phys.orgResearchers at Northeastern have discovered a new quantum phenomenon in a specific class of materials, called antiferromagnetic insulators, that could yield new ways of powering 'sp...
  • Copyright ©Copyright 2018 2020 Shanghai rare earth association All Rights Reserved Shanghai ICP NO.2020034223
    the host:Shanghai Association of Rare Earth the guide:Shanghai Development and Application Office of Rare Earth the organizer:Shanghai rare earth industry promotion center
    犀牛云提供云计算服务