Mixed International Rare Metals Price

International price of rare metals, for which China represents more than 80% of world supply, is divided into Chinese rare metal higher and lower price. Price of rare earth for permanent magnet is nominal when the buyers hold the order while the price of antimony and tungsten keeps high despite of the 5-25% reduction from the peak.

Price of neodymium, which is used for neodymium-boron-ferrous magnet, price is severer along with praseodymium-neodymium. Metallic neodymium price surged to more than US$ 50 per kilogram CIF Japan last year, which was more than 5 times from the level in 2004. The price halved from more than US$ 40 in July due to slower demand.

Antimony price is around US$ 5,000 per tonne, which is around 25% lower than the peak of more than US$ 6,500 in the summer. The price reduction is relative lower than other items including rare earth, molybdenum and cobalt. Tungsten price decreased only by around 5% to US$ 240 per kg for ammonium paratungstate with 10% tungsten oxide.