China’s Rare Earth Exports Increased 61% in March 2019
Export amount up 61% but average unit price down 39%
Following a slowdown in exports in January and February of this year, China’s exports of rare earth oxides (and oxide equivalents) increased 61% month-over-month in March 2019 to 4,659 tonnes.
While the amount of material exported was up in March, the total value of exported rare earth oxides (and oxide equivalents) decreased 2% month-over-month, speaking to the abundance of low-value rare earth materials exported in March (such as cerium and lanthanum) relative to the month prior.
In reflection of this, the average unit price of China’s rare earth oxide (or oxide equivalent) exports fell 39% month-over-month in March 2019 to US $7.77 per kilogram from US $12.75 per kilogram the month prior.
Rare Earth Outlook to 2030
For more information about global rare earth production, trade and prices in 2018, check out Adamas Intelligence’s recent “Rare Earth Recap 2018” report.
For more information about the outlook for global rare earth supply, demand and prices to 2030, check out Adamas Intelligence’s recent “Rare Earth Pricing Outlook to 2030” report.
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