ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Commodities

Rare-earth prices fall to 7-month low as China supply fears ease

Beijing resumes key ore imports from Myanmar

The prices of neodymium and dysprosium were 20% lower in mid-November than their recent highs in June, and at their lowest points since April. (Illustration by Michael Tsang)

TOKYO -- The prices of rare-earth metals have tumbled from their June highs after China, a key refiner, resumed the import of ores from Myanmar in September but supply concerns continue to plague the market.

In mid-November, neodymium, an ingredient of permanent magnets used in electric vehicle motors, was traded at around $54 per kilogram, while dysprosium, which is added to improve permanent magnets' heat resistance, was traded at around $230 per kilogram. Both values were 20% lower than their recent highs in June, and at their lowest points since April.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more