Rare earth metals price trend in 2nd half of 2017
Since early of 2017, the cost of raw material for Neodymium magnet started rising, PrNd metal rised from 325,000 RMB/ton to 680,000 RMB/ton, DyFe metal rised from 1,200,000 RMB/ton to 1,500,000 RMB/ton.
A rumor from the industry said it won’t stop until the cost reach 800,000RMB/ton and 1,600,000RMB/Ton, please check below for more details.
Why the cost rised so high in such a short time? because:
1, Government policy of fighting unqualified or illegal mining in the name of environment protection. (40%-50% raw material from unqualified or illegal mining)
2, Government stockpile policy.
3, Hot money speculation.
Let’s wait and see what gonna happen…..