Rare earth exports slowed due to pandemic: Commerce Ministry

Time:2020-08-21 10:47:27      Source:ChinaDaily.com

China's downstream rare earth companies have slowed production and operation activities this year due to COVID-19, said the Ministry of Commerce on Thursday, when commenting on the drop in the country's rare earth exports in the first seven months.

"Chinese companies carry out global trade business based on changes in the international market demand and risk conditions," ministry spokesman Gao Feng said.

China exported 22,800 metric tons of rare earth between January and July this year, dropping 20.2 percent year-on-year according to customs statistics.

In the meantime, the value of China's rare earth exports declined 26 percent on a yearly basis to $211 million.

Index RMB/t DoD Basis Date
Datong 5500 455 0 ex-mine 07-01
Shuozhou 5200 445 0 FOR 07-01
Ordos 5500 420 0 ex-mine 07-01
Yulin 6200 540 0 ex-mine 07-01
Liulin Low-sulphur 565 0 ex-mine 07-01
Gujiao Low-sulphur 1095 0 FOR 07-01
Xingtai Low-sulphur 1210 0 ex-Factory 07-01
Yangquan PCI 795 0 FOR 07-01
Index RMB/t WoW WoW% Date
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