For rare earth industry in China in 2017, it is an extraordinary year. After two years of sluggish and declining market, this year is undoubtedly a year in which the price and value of rare earth gradually return.
During the year, the policy adjustments, the promotion of the State Reserve, the rectification of environmental protection, and the special campaign of cracking down on rare earths all generated constraints on the supply side of rare earths. The output dropped significantly. The downstream enterprises actively stocked their products and the demand soared, resulting in a sharp rise in prices. Praseodymium oxide as an example, from the beginning of less than 300,000 yuan / ton all the way up to the highest of 540,000 yuan / ton, the price nearly doubled. However, in the absence of sustained policy stimulus, the price still showed a decline. Beginning in August, the domestic rare earth prices began to loose, and all the way down until December was slightly improved. Most rare earth products fell nearly 50%.
Light rare earth performed better this year, of which praseodymium neodymium performance is the most eye-catching, the biggest change, because praseodymium and neodymium corresponding to the permanent magnet downstream, is still steadily growing. The same light rare earth lanthanum cerium, and heavy rare earth, the price fluctuations less than praseodymium neodymium large.
Throughout the year, "hit the black continued + collect" is rare this year, the "industrial gold" hot words.