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Global rare earths short-term outlook October 2022

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31 October 2022

Global rare earths short-term outlook October 2022

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
    • 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
    • Australian Rare Earths and Neo Performance Materials sign cooperative agreement
    • Iluka and Northern Minerals agree to strategic partnership at Browns Range
    • Minmetals Rare Earth renamed CREG
    • Baotou Steel’s Zibo Lingzhi upgrading separation facility commissioned
    • Guangsheng Rare Earth’s Fuyuan separation plants commissioned

Tables and charts

This report includes 20 images and tables including:

  • 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
  • Rare earth demand by application
  • Rare earth demand by element
  • Variation in wind energy generation capacity between September and October 2022 forecasts
  • NdFeB magnet demand comparison between September and October forecasts
  • 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:

  • Document

    Global rare earths short-term outlook October 2022

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