Monthly price trend of neodymium magnet raw materials June 2023

Analysis of customs data shows that the volume and price of China's rare earth exports fluctuate, and since 2023, the export tonnage and average price have weakened.

Rare earth is widely used and continues to expand. Rare earth plays an important role in improving product performance, upgrading product structure and transforming to clean energy. It is not only involved in traditional fields such as agricultural light textile, metallurgical industry, petrochemical industry, glass and ceramics, but also key materials in emerging industries such as production of special light sources and related equipment, national defense and military, and intelligent manufacturing.

Statistical analysis of China's export data of rare earth and its products in 2022: The export volume increased by 4.8% year-on-year