Commodity Market Report
Global rare earths short-term outlook June 2022
Report summary
After stabilizing in early June, lower purchasing activity in China has seen prices fall back for key rare earth oxides used in magnet applications, with the exception of gadolinium oxide. Prices for non-magnet-related rare earths also fell back in June, including lanthanum and cerium oxides, which remain at or close to cost of production. Demand growth from magnet applications continues to restructure the rare earths industry, with a growing focus on the production of Nd-Pr in the short-term outlook. Demand from automotive applications maintains strong growth despite weaker Chinese EV/HEV sales volumes in Q2 2022. Improving supply availability for heavy rare earth in the domestic Chinese market will see prices weaken further in the short term, before recovering as demand growth accelerates.
Table of contents
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Executive summary
- Lanthanum and cerium oxide
- Neodymium, praseodymium and Nd-Pr oxide
- Samarium, europium and gadolinium oxide
- Terbium and dysprosium oxide
- Other heavy rare earth oxides
- China accelerates the expansion and upgrading of refining facilities
- Magnet manufacturing recovery and loss factors improve supply availability for recycled production
- US collaborates with Lynas to add HREE refining capacity
- Baogang increases sales price for rare earth concentrate
- CNRE accelerates plans to expand refining facilities
- Pensana completes FEED study for rare earth project
- ReELEMENT completes first stage of commissioning for US magnet recycling plant but challenges remain
- Key Chinese RE recycler Huahong Tech advances project commissioning
Tables and charts
This report includes 20 images and tables including:
- Summary data – June 2022
- Historical lanthanum and cerium oxide prices
- Forecast lanthanum and cerium oxide prices
- Neodymium, praseodymium and Nd-Pr oxide prices
- Forecast praseodymium, neodymium 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 and yttrium oxide prices
- Forecast holmium and lutetium oxide prices
- Loss (swarf) generation during NdFeB magnet production
- Rare earth demand by application
- Rare earth demand by element
- Global mined supply by region
- Global refined and recycled supply
- Chinese exports of rare earth products
- Imports of RE compounds (US, Japan, EU27)
- Imports of RE metal (US, Japan, EU27)
What's included
This report contains:
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