September 9, 2011 / 10:04 AM / 8 years ago

China rare earth prices mostly firm on crackdown

HONG KONG, Sept 9 (Reuters) - Prices of most rare earth elements have risen
since Wednesday because of local government crackdowns on mining, with three
major mines the latest targets.	
    But prices for praseodymium and its alloys fell. Spot praseodymium prices
softened to 1.2 million-1.25 million yuan per tonne on Friday from 1.25
million-1.3 million yuan on Wednesday. 	
    Praseodymium-neodymium alloy prices dropped to 1.15 million-1.2 million yuan
per tonne on Friday from Wednesday's 1.25 million-1.3 million yuan.	
    This week, Li Guoqing, director of the mining management bureau of Ganzhou
city in the eastern province of Jiangxi, said three of eight major rare earth
producing counties would stop production by year-end. 	
    To see a Q&A on China's crackdown on rare earths sector, click
 	
    China is the world's dominant producer and exporter of rare earths.	
    Rare earths are a group of 17 metals used in a wide range of new
technologies from hybrid cars and wind turbines to catalytic converters,
permanent magnets and battery cells.	
    Following is a table of major rare earth prices in China as of Sept 9  	
    	
 PRODUCT          GRADE                      UNIT   PRICE(Yuan)        Date
 Rare Earth       REO 42.0-45.0%             Tonne  70000-80000        2011-09-07
 Carbonate                                                             
 Lanthanum Oxide  La2O3/TREO 99.0-99.9%      Tonne  135000-145000      2011-09-07
 Cerium Oxide     CeO2/TREO 99.0-99.5%       Tonne  150000-160000      2011-09-07
 Neodymium Oxide  Nd2O3/TREO 99.0-99.9%      Tonne  1130000-1180000    2011-09-07
 Praseodymium     Pr6O11/TREO 99.0-99.5%     Tonne  830000-880000      2011-09-07
 Oxide                                                                 
 Terbium Oxide    99.9-99.99%                Kg     14000-15000        2011-09-09
 Dysprosium       99.5-99.9%                 Kg     10000-11000        2011-09-09
 Oxide                                                                 
 Europium Oxide   99.9-99.99%                Kg     16000-18000        2011-09-09
 Yttrium          99.99-99.999%              Tonne  350000-380000      2011-09-09
 Pr-Nd Oxide      (Nd2O3+Pr6O11)/TREO?75.0%  Tonne  850000-900000      2011-09-09
 Samarium Oxide   ?99.5%                     Tonne  80000-120000       2011-09-09
 Lanthanum Metal  La/TREM?99.0%              Tonne  180000-200000      2011-09-09
 Praseodymium     Pr/TREM 96.0-99.0%         Tonne  1200000-1250000    2011-09-09
 Neodymium        Nd/TREM 99.0-99.9%         Tonne  1400000-1450000    2011-09-09
 Cerium           Ce/TREM?99.0%              Tonne  300000-320000      2011-09-09
 Terbium          ?99.9%                     Kg     20000-22000        2011-09-09
 Dysprosium       ?99%                       Kg     13000-14000        2011-09-09
 Pr-Nd alloy      Pr?20-25%                  Tonne  1150000-1200000    2011-09-09
 Pr-Nd-Dy alloy   ?99%                       Tonne  1100000-1150000    2011-09-09
 Yttrium Metal    Y/TREM 99.9-99.95%         Kg     500-560            2011-09-09
 Battery-grade    TREM?99.0% Nd/TREM?15%     Tonne  420000-460000      2011-09-09
 mixed rare                                                            
 earth metal                                                           
 La-Ce Metal      Ce/TREM?65.0% TREM?98.5%   Tonne  170000-180000      2011-09-09
 Ferro-dysprosiu  ?99.5%                     Tonne  10800000-11300000  2011-09-09
 m  Alloy                                                              
 	
    Note: lanthanum (La), dysprosium (Dy),cerium (Ce),neodymium
(Nd),praseodymium (Pr),terbium (Tb),europium (Eu),ytterbium (Yb),samarium (Sm)	
    Source: Shanghai Non Ferrous Trade Association, www.smm.cn   	
   ($1=6.3870 yuan)	
	
 (Reporting by Polly Yam; Editing by Chris Lewis)
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