Some rare earth prices still show a downward trend

According to data from business clubs, light and heavy rare earth prices have stabilized in July, but some varieties still show a downward trend. A month ago, the prices of light and heavy rare earths generally stopped rising. Some small traders began to loosen their expectations for price increases and dumped goods one after another, causing prices of individual varieties to fall.

From late June, the prices of light rare earths such as antimony oxide and antimony oxide have stabilized, and the prices have been maintained at 1.15 million yuan/ton and 1.47 million yuan/ton, respectively, but heavy rare earths such as antimony oxide continue to rise. In July, the prices of most of the light and heavy rare earths remained stable, but the prices of some varieties were still falling. For example, on July 20, the prices of yttria were 12,500 yuan/kg, a drop of 6.02% from the previous quarter.

Business Society analyst Song Zhichao said that although the prices of rare earth products have loosened after continuous soaring, the future prices still need to be watched. Due to the gradual deepening of the integration of rare earths in the south, coupled with the increase in the number of companies that have not yet achieved the environmental protection and production stoppages, the supply of rare earths is expected to further tighten.