The General Administration of Customs: China's rare earth exports from January to April were 18,962.3 tons.
Recently, China has launched a special operation to combat the smuggling and export of strategic minerals, and will organize a series of actions in the near future, with the previously implemented export controls on medium and heavy rare earths included.
Previously, American research institutions expressed concerns that China's rare earth controls prevented the USA from filling the rare earth gap, as currently over 90% of rare earths need to be smelted and processed in China.
Customs General Administration: China's rare earth exports from January to April were 18,962.3 tons.
According to Zhito Finance APP, a research institution stated that the prices of overseas rare earths, represented by Europe, have risen sharply, with traders hesitant to sell. Data released by international energy and CSI Commodity Equity Index price assessment institution Argus on May 6 showed that the European monthly assessment price for 99.5% purity dysprosium oxide surged from $250/kg - $310/kg one month ago to $700/kg - $1000/kg. The CIF price of 99.99% purity terbium oxide in Europe rose from $930/kg - $1000/kg in early April to $2000/kg - $4000/kg. The increases and price levels of dysprosium oxide and terbium oxide are the highest since Argus started pricing assessment for these two products in 2015.
The head of Argus's nonferrous metals analysis team stated that this increase is mainly due to China's implementation of export controls on medium and heavy rare earths at the beginning of last month, which made it impossible for overseas buyers to purchase rare earth products, leading to depleted inventories and panic pricing, although very few actual transactions occurred.
China Securities Co.,Ltd. Research Reports stated that since the export controls on certain medium and heavy rare earths were implemented on April 4, overseas rare earth supply has been tight, and some products have seen significant price increases.
Referring to previous instances where China implemented export controls on products such as germanium, gallium, antimony, and tungsten, prices domestically fell briefly before seeing a significant increase. Therefore, domestic rare earth prices are expected to stabilize and rebound, significantly increasing to catch up with overseas prices. It is recommended to continue monitoring the rare earth sector.
GTJA Securities believes that 2025 may once again usher in a growth year for rare earth magnetic materials.
Rare earth-related companies in the Hong Kong stock market:
Jl Mag Rare-Earth (06680): In the first quarter of 2025, the company's new production capacity will be further released, with a capacity utilization rate exceeding 90%. The production of rough magnetic materials is approximately 8,770 tons, while the production of finished magnetic materials is around 6,600 tons, and finished magnetic material sales are about 6,024 tons, all growing over 40% compared to the same period last year. Jl Mag Rare-Earth stated in institutional research that the company is actively cooperating with world-renowned Technology companies in the development and production capacity construction of humanoid robot magnetic components, with small batch deliveries; there are also small batch deliveries in the low-altitude aircraft sector.
