Recently, Baogang Co., Ltd. and Northern Rare Earth both lowered their prices for the third quarter, and the rare earth concentrate trading price for the third quarter was adjusted to 38,600 yuan/ton, down 0.62% from the previous quarter. Prior to that, the trading prices of rare earth concentrates from North China and Baogang Co., Ltd. had been rising for seven consecutive quarters. Industry insiders said that this slight reduction can ease the pressure on raw material costs for midstream magnetic material manufacturers to a certain extent. Although seven consecutive increases have been brought to an end, the core supply and demand pattern has not changed, and rare earth prices are likely to remain volatile at a high level.

Recently, Baogang Co., Ltd. and Northern Rare Earth both lowered their prices for the third quarter, and the rare earth concentrate trading price for the third quarter was adjusted to 38,600 yuan/ton, down 0.62% from the previous quarter. Prior to that, the trading prices of rare earth concentrates from North China and Baogang Co., Ltd. had been rising for seven consecutive quarters. Industry insiders said that this slight reduction can ease the pressure on raw material costs for midstream magnetic material manufacturers to a certain extent. Although seven consecutive increases have been brought to an end, the core supply and demand pattern has not changed, and rare earth prices are likely to remain volatile at a high level.