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China Molybdenum Price - December 24, 2020

China molybdenum price is in the upward trend in the second half of December under tight supply of raw materials and consumer restocking. Now most insiders have good expect for the outlook.

In the molybdenum concentrate market, the overall trading enthusiasm is not high. Although downstream ferro-molybdenum merchants are more active in entering the market than last week, due to environmental pressure and cold weather, many miners keep low inventories. Therefore, there is a strong psychology of holding goods waiting to rise, and low prices are hard to find in the current market.

The ferromolybdenum market has improved slightly. In addition to the strong price of raw materials, which is conducive to the warming Tungsten Carbide Rods Double Holes of the market, the volume and price of tenders for downstream steel companies have also risen, which is the main reason for the improvement of the mentality of intermediate smelting enterprises. The number of monthly steel recruits is about 8,000 tons.

In the molybdenum chemical and its products market, on-site transactions have yet to be launched. As the global epidemic continues to spread, end-customer demand is still the main factor hindering the sharp increase in the price of molybdenum chemical products. However, due to the strong bullish sentiment in the raw material market, cargo merchants are less willing to make concessions.

Prices of molybdenum products on December 24, 2020

Picture of molybdenum pin 

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Memorial Hall of Xu Guangxian

The opening ceremony of the memorial hall for Xu Guangxian, father of Chinese rare-earth metal and the inauguration of his statue were held in Shangyu District, Shaoxing City. At the ceremony, Ma Weiguang, Secretary of the Shaoxing Municipal Party Committee and Xu Fang jointly unveiled the memorial hall. Academician Xu's student representatives Yan Chunhua and Gao Song jointly unveiled the statue.

Xu Guangxian, chemist, professor of Peking University, member of Chinese Academy of Sciences. He was called the “father of Chinese rare-earth metal”. In 1972, Xu received an important mission from the government - separating praseodymium (Pr) and neodymium (Nd), two of the most inseparable elements.

At that time, China was a low-end resource exporter who didn’t master any technology that can process and produce high purity rare-earth metals. Chinese government and companies had to import fine-processed rare-earth metals with a much higher price - usually dozens or hundreds of times the price they export raw material to foreign companies. By studying the separation of Pr and Nd, China could break the dominance and meet its need for high-quality rare-earth metal resources by ourselves. Xu changed his focus of study again without a second thought.

Separating Pr and Nd was not easy. Most producers at that time were still using the traditional ion exchange method, which was time-consuming and costly. Xu followed the traditional and most-adopted way as well. But in the meantime, he decided to find a new method that can enable systematic extraction. He worked very hard. Finally, a theory called “push and pull system” which “proved to be a failure” by U.S scientists gained Xu’s attention. He tried to figure out the reasons why the theory didn’t work tungsten carbide plates out and managed to build “countercurrent extraction theory” based on their failure.

Xu’s theory increased the purity of rare earth metals to 99.99% and the separation factor between Pr and Nd from less than 2 to 4. But Xu didn’t stop there. Xu and his team continued their study. They came out with a model to simulate the tedious “funnel shaking” process. The method can calculate optimized parameters through computer programing – reducing the time cost of the process from at least 100 days to within one week. This “One-step Enlargement Expert System” helped realize large-scale production of high purity rare-earth metals in factories.

With this model being widely adopted in Chinese factories, China quickly occupied a 90% share of the total nonstandard tungsten carbide rods world production of high purity rare-earth metals by 1995.

Xu Jun, secretary of the Shangyu District Committee, said that Academician Xu Guangxian is a famous chemist and educator in China, the founder of China's rare earth chemistry, and the winner of the country's highest science and technology award. The opening ceremony of the memorial hall and the inauguration of the statue of Academician Xu Guangxian was held this time. In addition to deeply cherishing the memory of the famous scholar, remembering and learning from his noble spirit of patriotism.

During his lifetime, Academician Xu Guangxian had always been concerned about the development of his hometown. The memorial hall in Shangyu could help to better inherit and carry forward his patriotic and self-reliant spirit in the ground tungsten carbide rods new era.

China Neodymium Oxide Price

Rare earth market quotation in China: neodymium oxide, dysprosium oxide and praseodymium neodymium oxide prices continue to maintain stability on March 17, 2021 due to low buying appetite.

In the context of new energy vehicles, electronic products, wind power tungsten carbide burrs blank generation, new and old infrastructure and other manufacturing development expectations, and the global economic and trade environment is gradually returning to normal, most suppliers maintain firm quotations. However, they are greatly influenced by the downward pressure on prices. some products prices are hard to increase while others fell slightly. 

This week, the latest listed prices of China’s Southern Rare Earth were mixed. Specifically, the median price of gadolinium oxide was reduced by 13,000 yuan/ton, and the quotation range was 232,000 to 237,000 yuan/ton; the tungsten carbide burrs median price of terbium oxide was increased by 50,000 yuan/ton, and the quotation range was 9.85-9.95 million yuan/ton; the median price of dysprosium oxide was raised by 40,000 yuan/ton, and the quotation range was between 3.05 and 3.1 million yuan/ton; the median price of holmium oxide was lowered by 50,000 yuan/ton, and the quotation range was between 9.7 and 1 million yuan/ton.

Prices of rare earth products on March 17, 2021

Picture of cerium oxide

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Neodymium Oxide Price - January 8, 2020

China rare earth market performed well in the week ended on Friday January 08, 2021 as sellers have strong rised mentality. Neodymium oxide nonstandard tungsten carbide rods price rose by RMB6,000/ton, praseodymium oxide by RMB 5,000/ton, neodymium praseodymium oxide by RMB 8,000/ton and terbium oxide by RMB 250/kg.

From the perspective of positive factors, first, domestic epidemic has rebounded for the third time, and some regions plan to stop logistics and transportation in advance to reduce the risk of infection. This has largely stimulated consumers to complete the purchase plan earlier. Therefore, the mainstream quotations have been raised all the way recently; second, as the end of the year approaches, in addition to lower environmental temperatures and increased environmental pressures, which aggravate the tension in the rare earth supply chain, many mining companies will also appropriately reduce production for the holiday season, which will help increase market prices; third, the tungsten carbide plates market is benefited from the policies, such as the "Export Control Law" coming into effect and the "New Energy Automobile Industry Development Plan (2021-2035)" issued.

From the perspective of negative factors, market sentiment is still affected by the uncertainty of the epidemic. If the epidemic continues to ferment, it will lead to slower global economic development, which in turn will affect the use of rare earth chemicals, and is not conducive to the rise of the market. 

From November 2020 until now, Northern Rare Earth has sold 250 tons of praseodymium and neodymium metal through the Baotou Rare Exchange listed trading market, with sales exceeding 100 million yuan; of which, on January 7, 150 tons of neodymium and praseodymium metal were sold in more than two hours.

Prices of rare Tungsten Carbide Round Rod earth products on January 8, 2020

Picture of praseodymium oxide

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Praseodymium Neodymium Metal Price

Rare earth market quotation in China: terbium oxide, dysprosium oxide and praseodymium neodymium metal prices continue to rise on January 18, 2020.

Under the continuous spread of epidemic all over the world, tighter Sino-U.S. relations Tungsten Carbide Rods and greater geopolitical risks in various countries, the spot supply of some rare earth products is tight. Therefore, holders are reluctant to sell and expect price increases. Although magnetic materials companies use a large amount of rare earth permanent magnetic materials, they are also afraid of high prices and maintain on-demand procurement.

According to customs data, China's rare earth exports in tungsten carbide burrs blank December 2020 were 4167.5 tons, an increase of 59.61% month-on-month and an increase of 13.95% year-on-year; the export value was US$39.2 million, an increase of 39.5% year-on-year. From January to December 2020, the cumulative export volume of rare earths was 3,5447.5 tons, a year-on-year decrease of 23.5%; the cumulative export value was USD 343.9 million, a year-on-year decrease of 21.9%.

Prices of rare earth products ground tungsten carbide rods on January 18, 2020

Picture of praseodymium neodymium metal

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