China’s rare earth exports decreased and prices rose in May 2018
On June 8, the General Administration of Customs released statistical data indicating that as of May, China’s rare earth exports decreased year-on-year, while export value increased significantly year-on-year, changing the previous situation of volume increase and price decline.
Specifically, China’s rare earth exports amounted to 20769.8 tons from January to May in 2018, a year-on-year decrease of 5.3% ton; exports amounted to US$207.2 million, a year-on-year increase of 22.6%.
The sustainability of environmental supervision and illegal mining supervision protects the market from unplanned supply shocks. Therefore, the rare earth price is more stable and stronger than in the past, leading to a continued decline in export volume.