October 2017 – China Northern Rare Earth Group Published New Rare Earth Price List
BEIJING (Asian Metal) 16 Oct 17 – China Northern Rare Earth (Group) High-tech LLC (“China Northern Rare Earth Group” or “The company”) announced their list prices of PrNd oxide, PrNd mischmetal, neodymium oxide, neodymium metal, lanthanum oxide and cerium oxide for October this morning. Details for 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 over 14% MOM, and prices for lanthanum and cerium products stayed unchanged. According to AM Prices by Asian Metal, currently market prices for PrNd oxide,
PrNd mischmetal, neodymium oxide, neodymium metal, lanthanum oxide and cerium oxide stand at RMB430,000-440,000/t (USD65,345-66,864/t) D/P, RMB560,000-570,000/t (USD85,100- 86,620/t) 30 days D/A, RMB420,000-430,000/t (USD63,825-65,345/t) D/P, RMB550,000-560,000/t (USD83,580-85,100/t) 30 days D/A, RMB17,000-17,500/t (USD2,583-2,659/t) D/P and RMB17,000-17,500/t (USD2,583-2,659/t) D/P respectively. China Northern Rare Earth Group’s quotations this month were near the market prices, affected by which the price reduction in rare earth market might be eased to some extent. 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 600111. 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: October 16th, 2017
Source: Asian Metal