Low demand from China’s magnet manufacturing sector continued to drive down rare earth prices on domestic and export markets, with suppliers cutting prices to close sales, sources told Fastmarkets in the week to Thursday June 6

Chinese rare earth export prices moved lower over the past week, in line with falling domestic prices driven by suppliers cutting offers in response to continued weak demand from the downstream magnet sector

The US government announced on Tuesday May 14 that new Section 301 import tariffs will be imposed on a wide range of Chinese products and materials, including electric vehicles, steel and aluminium, semiconductors, batteries, solar cells and permanent magnets

Caroline Messecar, strategic markets editor for Fastmarkets, explores the world of rare earth prices in her opinion piece for ‘The Crucible’ titled ‘Why have rare earth prices fallen?’

Chinese rare earth magnetic materials prices edged up this week after suppliers stood firm behind higher offer prices, market sources told Fastmarkets

Prospecting's recent acquisition of a 5.3% stake in MP Materials has ignited widespread curiosity about its potential impact on the rare earths market

E-Vac Magnetics has been awarded $111.9 million in US tax credits to advance the construction of its first US rare earth magnet manufacturing facility in Sumter, South Carolina, it announced on Tuesday April 9

Recycling end-of-life rare earth magnets is an early-stage industry with a range of methods globally and low recycling rates – but there is appetite for change, Fastmarkets learned after talking to several industry participants

Fastmarkets launched four rare-earth metal and alloy prices in China and a new oxide price in Europe on Thursday March 14, with the intention of improving transparency in the rare earth magnet supply chains.

Read more on the rollout of our rare earth prices and how they aim to improve the transparency of rare earth magnet supply chains