Rare earth prices in China continue on an upward trend in the midweek Thursday June 20, 2019. More businesses Water Well Drilling Rig Hard Rock Drill Bits return to rationality after a sharp rise in medium and heavy rare earth elements. Chinese environmental protection and the ban in Myanmar mines imports reduce the supply, plus with good demand of downstream, insiders now give a bullish outlook for the market. 

For light rare earth elements, the supply and demand fundamental remains weak. The recent price rise mainly benefits from speculation of traders and willingness of rebound. Although companies raised offers recently, the late market trend is uncertain. 

Prices of rare earth products on June 20, 2019

Picture of lanthanum oxide

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Posted by: leanderfit at 01:22 AM | No Comments | Add Comment
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