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Rare earths are key ingredients
in wind turbine motors |
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The prices of rare earths from China have have softened in recent weeks due to a lull in trading over the summer holiday season, market sources told
IM.
At the same time, more illegal rare earths were entering the market as the fear of Chinese government inspections caused factories to dump unauthorised material.
Light rare earth, cerium oxide, saw the biggest drop over the last three weeks, falling 20% to a range of $115-125/kg (all 99%, large purchases, FOB China).
At the same time, the price of dysprosium oxide – a heavy rare earth used mainly in high-strength magnets – dropped 12% from mid August to a range of $2,300-2,500/kg.
“The biggest drops were in dysprosium and terbium,” said...