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Unrest in Myanmar stimulates growth of rare earth metal market

2021-02-04 18:11:34
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The Argus analytical agency said that the military coup in Myanmar triggered concerns about the reduction of rare earth metal supply and stimulated the soaring share prices of most listed rare earth companies in China.

无水氯化铈

The armed forces seized power in Myanmar on the grounds of cheating in last year's elections and imposed a one-year state of emergency.

无水氯化铈厂家

© AFP 2020 / str expert: Western pressure on Myanmar will make it more inclined to its neighbors


Myanmar is the main supplier of China's rare earth ores, and China's imports of rare earth ores from Myanmar account for more than 60% of the total consumption of rare earth.


The shares of Shanghai Shenghe resources holdings rose 10% to 19.04 yuan per share. Minmetals rare earth shares rose 5.1% to 20.04 yuan per share.


According to the Institute of rare minerals and metals, the price of lanthanum oxide from China in December was $3566 per metric ton, and the price in August 2019 was $1810.


This surge indicates strong potential demand in the industrial sector. Analysts say the events in Myanmar have further fuelled panic.


Investors are optimistic about the long-term prospects of the rare earth metal market. It is expected that the shortage of raw materials in Myanmar will reduce the output of rare earth products and support domestic prices.


Restricting the export of rare earth minerals from Myanmar also boosted the share prices of major processing enterprises, including manufacturers of permanent magnets and motors.


According to the US Geological Survey, Myanmar has produced 30000 tons of rare earth metal oxides, equivalent to 12.5% of global production in 2020. China's share in this market is 66.7%, while the United States accounts for 15.8%.



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