Commodity Market Report
Global rare earths short-term outlook April 2023
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Prices for most rare earth compounds continued to fall in April, following weaker than expected demand from magnet manufacturers accelerating destocking activities. Persistent uncertainty from the economic situation within China and weakened consumer confidence has dented market sentiment. Supply side pressure has also been relieved with the increased production quota for H1 2023 and the resumption of trade from Myanmar. The ROW pipeline of developing projects at the mined and refined stage continues to expand as governments around the world look to improve supply chain security. However, developments in Myanmar could disrupt future heavy rare earth supplies and Lynas could be facing short-term disruption to refined production. Wood Mackenzie expects global mined supply to become increasingly diversified over the coming years; however, significant investment in downstream portions of the supply chain are required to achieve total security.
Table of contents
- Lanthanum and cerium oxide
- Neodymium, praseodymium and Nd-Pr oxide
- Samarium, europium and gadolinium oxide
- Terbium and dysprosium oxide
- Other heavy rare earth oxides
- Automotive industry experiences rocky start to 2023
- Ongoing economic uncertainty within China
- New uncertainty surrounding rare earth supply from Myanmar
- Lynas quarterly update highlights challenges ahead
- Arafura Resources signs offtake agreement with Siemens Gamesa
- CREG strengthens LREE production capabilities with acquisition of Dalucao operation
- Peak Rare Earths signs framework agreement for Ngualla project
- 1 more item(s)...
Tables and charts
This report includes the following images and tables:
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Historical lanthanum and cerium oxide pricesForecast lanthanum and cerium oxide pricesNeodymium, praseodymium and Nd-Pr oxide prices
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Forecast neodymium, praseodymium and Nd-Pr oxide pricesSamarium, europium and gadolinium oxide pricesForecast samarium, europium and gadolinium oxide pricesTerbium and dysprosium oxide pricesForecast terbium and dysprosium oxide pricesHolmium, erbium1, ytterbium, yttrium and lutetium oxide pricesForecast ytterbium, erbium and yttrium oxide pricesForecast holmium and lutetium oxide pricesRare earth demand by application
- 6 more item(s)...
What's included
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