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Rare-earth price rising activated rare earth concept shares
Wang.C.S  2018.06.14



Shares of rare earth permanent magnet behaved actively in today’s Shanghai Stock Exchange and Shenzhen Stock Exchange market, which have a strong reverse trend in contrast to the falling market. Zhenghai Magnetic Material (300224), Shenghe Resources (600392), Minmetal Rare Earth (000831), Galactic Magnet (300127), Guangsheng Nonferrous (600259), and Ying Luohua (000795) shares price rise over 5 percent in the dropping market. Shenghe Resources (600392), Minmetal Rare Earth (000831) and Galactic Magnet (300127) also soared by more than 3 percent; Guangsheng Nonferrous (600259), Ying Luohua (000795), Hengdian Eastern Magnetic (002056) and other stocks were up nearly 2 percent. In general, stimulated by the price increase, the shares of rare earth and permanent magnet concept was active in the whole.

Rare Earth price has been keeping rise in recent two weeks. It shows that the price of praseodymium oxide has risen from 325 thousand yuan per ton to 338 thousand yuan per ton since May 28th to June 12; and the price of praseodymium neodymium alloy rises from 415 thousand yuan per ton to 425 thousand yuan per ton; In terms of medium and heavy rare earth elements, terbium oxide price rises from 2 million 950 thousand yuan per ton to 3 million 80 thousand yuan per ton, and gadolinium oxide rises from 117 thousand yuan per ton to 13.8 thousand yuan per ton.

In this regard, the analysts generally believe that the downstream magnetic material enterprises began to replenish gradually inventory. It certainly boosted the price rise of rare earth element, while environmental verification resulted in a further production decline in the upstream separation production, resulting in a decrease in supply. Especially for some main rare earth oxides, the supply appears in tight situation, the upstream manufacturers are reluctant to sell, the downstream inquiry volume is increasing, consequently price of main rare earth commodity are rising. In this background, the rare earth industry has entered a new round of price rise cycle
 
From:  
 
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