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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.

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