Commodity Market Report
Global rare earths short-term outlook October 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
Rare earth prices showed mixed trends in October with key magnet element prices supported by increased purchasing in early October before weakening towards the end of the month. Prices will weaken further in Q4 2022 before recovering at the end of 2022. Prices for other compounds continued to decline in October on weak purchasing activity. Weak global economic strength and supply chain disruption in China continues to impact market sentiment. Energy transition applications continue to build their share of total demand, despite delays to wind energy projects delaying capacity additions to 2023 and 2024. Integration and collaboration throughout the supply chain have intensified, with several companies announcing their interest in off-takes, acquisitions, and cooperative development of projects. Expansions at Chinese processors represent a growing demand for imported feedstock, with an increasingly competitive market for third-party feedstock.
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 the wind energy outlook
- Weakening global economic outlook
- Covid outbreak in Inner Mongolia causes no harm to the general balance
- Minmetals’ mixed rare earth oxide facility commissioned in Yunnan
- China’s production in circulation will remain at relatively low levels despite the increased quota
- Solvay invests in expanding production capability in Japan and Europe
- Lynas reports results for 2022
- Pensana signs offtake agreement with magnetic material producer
- 5 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
- 8 more item(s)...
What's included
This report contains:
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