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Last week, the price of light rare earth parts in China has declined and the sales on the floor and downstream purchase are not so bad. It is expected that the price trend will decline in the later stage.
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.