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Rare Earth Export in Q1,2016: volume increases, and price drops
Source:Mingjie Magnets Time:2016-06-14 Click: 407

Rare Earth Export in Q1,2016: volume increases, and price drops

Recently, China’s Custom has released Commodity import and export statistics. According to the data, China Rare Earth exported 4,343 tons in March,2016, increased by 114% compared to same period of last year, and increased by 34% compared to previous month.

 

China Rare Earth totally exported 11,596 tons in the 1st quarter, 2016, increased by 109.4% compared to same period time last year, which was 5,538 tons.

 

However, the price drops in this quarter, the average export price was US$7.2/kg, decreased by 30.8% compared to same period time of last year and dropped by 18.2% compared to previous month.

 

Analyst thinks export growth in Q1,2016 because economy recovery increasing and in the need of environmental protection and energy saving globally.

 


From Industry On Line, by Mingjie magnets Co., Limited

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