[Supply and demand contradictions increase
Overseas rare earth prices soar more than 2 times] Recently, a research institute said that overseas rare earth prices, represented by Europe, have risen sharply, and traders are reluctant to sell. Data released by Argus, an international energy and commodity price assessment agency, on May 6 showed that Argus's European monthly assessment price of 99.5% dysprosium oxide jumped from US$250/kg-US$310/kg a month ago to US$700/kg-US$1,000/kg. The European landed price of 99.99% terbium oxide rose from US$930/kg-US$1,000/kg in early April to US$2,000/kg-US$4,000/kg. The increase and price of dysprosium oxide and terbium oxide are both the highest in history since Argus launched the price assessment of the two products in 2015. The head of Argus's nonferrous metals analysis team said that the current rise was mainly due to the fact that China began to implement export controls on medium and heavy rare earths at the beginning of last month. Overseas buyers were unable to purchase rare earth products, inventories hit bottom, and panic quotes were made, but not many transactions were actually completed.
