Rare earth – Weekly summary

Sluggish markets with weak demand

ISE logoBEIJING 03.05 2013. In dieser Woche war es ruhig auf dem Markt für Rare earth, as market participants were not active during the three-day May holidays. Due to sluggish demand and falling little business activity was recorded in the past two days.

Most market participants are cautious in the short term the market for rare earths, there is no improvement in the market situation has occurred and the prices for rare earths have been weakened due to lack of buyers.

Meanwhile, Guangdong Rising Nonferrous Metals Group Co announced. an, that they will set up together with the Japanese TDK Corporation and the Japan Tokai Trade Corporation, a company for NdFeB magnets: die Guangdong Rising TDK Rare Earth Advanced Material Co.

Guangdong Rising Nonferrous wird 12,21 Invest millions of USD, what constitutes a 37% share of the registered capital of the new company. TDK invested 33 Million USD, giving a proportion of 59% weight and the remaining 4% or. 1,32 Million dollars will be invested by Tokai Trade.

The new company is a production capacity of 1.500 Reach tons per year for high performance NdFeB magnets.

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