NOVEMBER 2017 – CHINA NORTHERN RARE EARTH GROUP “BAOTOU” PRICE LIST

BEIJING (Asian Metal) 14 Nov 17 – China Northern Rare Earth (Group) High-tech LLC (“China Northern Rare Earth Group” or “The company”) announced their guiding prices of PrNd oxide, PrNd mischmetal, neodymium oxide, neodymium metal, lanthanum oxide and cerium oxide for October yesterday afternoon. The details prices are as below:

As we can see from the table above, China Northern Rare Earth Group reduced the prices for
PrNd oxide, PrNd mischmetal, neodymium oxide, neodymium metal by more than 10% MOM in November, but prices for lanthanum and cerium products didn’t change. According to Asian
Metal’s prices, current market prices for PrNd oxide, PrNd mischmetal, neodymium oxide,
neodymium metal, lanthanum oxide and cerium oxide decline to RMB365,000-375,000/t
(USD55,053-56,561/t) D/P, RMB470,000-480,000/t (USD70,890-72,398/t) D/A 30 days,
RMB365,000-375,000/t (USD55,053-56,561/t) D/P, RMB470,000-480,000/t (USD70,890-72,398/t) D/A 30 days, RMB16,800-17,300/t (USD2,534-2,609/t) D/P and RMB16,200-16,700/t (USD2,440-2,519/t) D/P respectively. Although China Northern Rare Earth lowered their prices, but their prices were still higher than the market prices. It is predicted that the prices for PrNd oxide, PrNd mischmetal, neodymium oxide and neodymium metal would keep sliding a bit in the coming week.

 

China Northern Rare Earth (Group) High-tech LLC, being the leading enterprise in China’s rare earth industry, was founded in 1961 and listed on Shanghai Stock Exchange in 1997, stock code 11/16/2017 China Northern Rare Earth Group releases PrNd, lanthanum and cerium prices for November-Asian Metal. As of the end of 2016, the company’s total assets have reached 15.622 billion yuan, with net assets of 8.297 billion yuan. The company owns 3 subordinate plants, 3 wholly-owned subsidiaries, 24 holding subsidiaries and 9 joint stock companies. The company has complete rare earth industry system such as rare earth beneficiation, smelt and separation, deep processing,
applications as well as scientific research, being able to produce a complete range of rare earth products such as rare earth raw materials (concentrate, rare earth carbonate, oxides and salts, metal), rare earth functional materials (polishing materials, hydrogen storage materials, magnetic materials, luminescent materials, catalytic materials), rare earth applications (nickel-metal hydride batteries, rare earth permanent magnet resonator).

Author: Asian metal
Date: November 14th, 2017
Source; Asian Metal

Back to Archive China