Commodity Market Report
Global rare earths short-term outlook December 2022
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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 key magnet rare earths increased in December as order activity picked up ahead of the Chinese spring festival closures in January 2023. Improved purchasing could continue supporting prices throughout Q1 2023; however, the recent reversal on Covid-19 policies within China has created some short-term uncertainty. Global economic challenges and widespread Covid-19 outbreaks within China continue to impact market sentiment. Despite this, demand for key magnet applications, namely offshore wind and electric vehicles, remains strong, driving an average annual increase in rare earth demand of 5.3% to 2026. In order to increase diversity and security of supply, ROW developers are aiming to establish and expand rare earth supply chains outside of China. However, the recent decision from China’s state reserve bureau to purchase heavy rare earth stockpile material from the state owned enterprises highlights the reluctance to relinquish market control.
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
- Changes to wind energy outlook
- Canada releases critical mineral strategy
- China’s State Reserve Bureau purchases HREE stockpile material
- Baotou Steel and CNRE reach concentrate price agreement
- RareX simplifies processing flowsheet for Cummins Range
- Aclara Resources plans to commence pilot plant operations in 2023
- CREG reach agreement with Hunan government to target HREE and monazite resources
- 1 more item(s)...
Tables and charts
This report includes the following images and tables:
- Historical lanthanum and cerium oxide prices
- Forecast lanthanum and cerium oxide prices
- Neodymium, praseodymium and Nd-Pr oxide prices
- Forecast neodymium, praseodymium and Nd-Pr oxide prices
- Samarium, europium and gadolinium oxide prices
- Forecast samarium, europium and gadolinium oxide prices
- Terbium and dysprosium oxide prices
- Forecast terbium and dysprosium oxide prices
- Holmium, erbium1, ytterbium, yttrium and lutetium oxide prices
- Forecast ytterbium, erbium, yttrium oxide prices
- Forecast holmium and lutetium oxide prices
- Rare earth demand by application
- 8 more item(s)...
What's included
This report contains:
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