Commodity Market Report
Global rare earths short-term outlook July 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
Continued uncertainty caused by Covid19-related lockdowns in the Chinese domestic market, coupled with a weakening global economic outlook has forced rare earth prices lower in July. Market sentiment in China remains cautious, with consumers of rare earth products drawing down inventories in anticipation of lower prices. Underlying demand growth in magnets remains strong, driven by energy transition-related sectors in the period to 2026. After a weak Q2 2022 performance, the recovery in Chinese automotive sales is only expected to filter through the supply chain and pressure rare earth prices in Q4 2022. Restocking and demand recovery may see an aggressive recovery in prices, though improved supply availability will reduce pressure on prices by mid-2023. Longer-term, investment in the development of regional supply chains in North America and Europe will reduce dependence on Chinese production, though China will maintain a strong influence over the global market.
Table of contents
- Lanthanum and cerium oxide
- Neodymium, praseodymium and Nd-Pr oxide
- Samarium, europium and gadolinium oxide
- Terbium and dysprosium oxide
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Other heavy rare earth oxides
- Changes to GDP and industrial sector growth forecast
- Changes to wind energy forecast
- Potential demand growth for cerium and lanthanum in Al-Mg alloys
- Chinese new energy vehicle sales recover
- US passes NDAA 2023 and finances the creation of strategic stockpiles
- Can ROW critical material strategies weaken China’s dominance?
- Xinfeng Zuokeng mining licence approved, bolstering Chinese IAC production
- Mkango publishes DFS for Songwe Hill rare earth project
- 3 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 praseodymium, neodymium 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
- 10 more item(s)...
What's included
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