Recently by the downstream magnetic material demand promotion and other factors, market supply tight, rare earth prices rebound.Data showed that europium oxide surged by nearly 7% on March 3, up by 18.5% in the past week.
Since the beginning of the year, the price of rare earths has risen, with some varieties increasing by nearly 10%.From the perspective of China's rare earth export, the volume increased and the price decreased in February 2017, but the data of march showed a situation of both volume and price increased.
Rare earth prices rose, on the one hand, due to the effect of the policy mix.Rare earth prices are on the rise thanks to frequent small batch purchases and storage, special anti-piracy operations, and strengthened control over the six major rare earths.
On the other hand, the trend of rare earth consumption is getting better, and supply and demand are improving.
Rare earth magnets account for a quarter of rare earth consumption, with an average annual growth rate of 10%.In addition in some other large application fields, such as catalyst, metallurgy and so on has the steady growth.
The price of rare earths has risen due to the fact that demand has risen while the total quota quota has not changed.
