Core Viewpoint - Following China's announcement of export controls on seven categories of medium and heavy rare earth elements, prices of rare earth metals have surged to record highs, with significant increases observed in Europe [1] Price Movements - As of May 1, the price of dysprosium in Europe has doubled since early April, reaching $850 per kilogram [1] - The price of terbium has skyrocketed from $965 per kilogram to $3000 per kilogram, reflecting a cumulative increase of over 210% [1] Strategic Importance - Rare earth metals, often referred to as "industrial vitamins," are critical non-renewable strategic resources widely used in various sectors including renewable energy, new materials, energy conservation, aerospace, military, and electronic information [1] Supply Dynamics - The seven elements subject to export restrictions are classified as rarer medium and heavy rare earths, with the majority of global supply sourced from China [1] - Analysts predict that the export restrictions will lead to a certain degree of rare earth shortages in overseas markets, with expectations of rising domestic and international rare earth prices [1] Price Forecast - Short-term expectations indicate that overseas rare earth prices will exceed domestic prices, while mid-term prices are anticipated to converge, with an overall upward trend in the central price [1]
中国限制出口后稀土价格暴涨超210%
news flash·2025-05-05 01:18