Rare earth market analysis in May 2018

The weathered material included in the inferred resource estimate is a soft oxide that occurs from surface over a large area;Rift Valley believes it may be possible to mine the deposit via a conventional shallow open pit with a low waste-to-feed ratio.
Angola has become increasingly attractive to international mining companies in recent years due to its stable and peaceful government and citizens,untapped mineral resource potential and its recent agreement to be a party to the New York foreign arbitration convention.
Longonjo also benefits from being close to established infrastructure,and Rift Valley believes it secured a first-mover advantage in Angola when it purchased its70-percent interest in the project.The remaining30 percent is owned by a state-led company and another local miner.
The company is hopeful that it will become"a leading supplier of the magnet metals in time for the predicted surge in demand from the impending change to electric vehicle technology."Magnet metals like neodymium and praseodymium are used in the surging electric vehicle sector.
While exploration in Angola is ramping up,Rift Valley has been divesting its Tanzania-based projects over the last few months.The company expects to bring in an additional US$650,000when it sells its Kitongo gold project and Canuck prospecting license over the coming months.
arket analysis in May2018
Rare earth market
m
Source:Association of China Rare Earth Industry
1.Rare earth market
Prices of rare earth products kept weak in May.Although stimulated by the news that total production control quotas released at the end of April,there were more inquiries in the market but few transactions were done. However,during the last week of May,rare earth market became active and signs of price rising appeared. That was because rare earth producers increase the selling price after a long time of depressed price to maintain cost efficiency.The downstream market showed subdued reaction and we forecasted that the overall rare earth market would kept stable in future.
2.Rare earth price
(1)Rare earth price index
Rare earth price index was like"V-shapes"in May,decreasing from138.3points at the beginning of the month to135.7points at the month-middle and then increasing to136.9points at the mongh-end.
(2)Yttrium-medium and europium-rich mineral
Listed price of yttrium-medium and europium-rich minerals averaged175,000yuan/ton in May.
(3)Light rare earth oxides
Editor B o ard:
Y ang Zhanfeng:Deputy chief engineer ,Baotou Iron &steel(Group)Company Lin DongLu:Secretary General,Chinese Society of Rare Earths Song Hongfang:Director ,China Rare Earth Information Center Edito Chief Editor r :Yang Zhanfeng
Edit Deputy Editor-in-or-in-chief chief:LIU Yue WANG Yan Editor Editor:Zhao Wenjing Consultant
Consultant:Prof.LI Bingrong,Director ,Inner Mongolia Science and Technology Department Mr.WANG Deyong,Deputy Secretary-General,Association of China Rare Earth Industry Prof.Xiong Jiaqi,Metallurgist &Economist
Prof.Dudley J.Kingsnorth,Leader:Critical Materials Initiative,CGSB,Curtin University
Major Sponsors
Baotou Research Institute of Rare Earths
President:Dr .Yang Zhanfeng
T el:00864725179253Fax:00864725152008
Chinese Society of Rare Earths Director General:Mr .Gan Yong
T el:00861062182748Fax:00861062173501
Treibacher Industrie AG
Member of the Board:Mr .Alexander Bouvier Business Unit Director:Mr .Anton Auer T el:00434262505570Fax:004342625058570
Solvay (Shanghai)
Vice President:Mr .Zhu Mingyue
T el:00862154422630Fax:00862154422302
Molycorp,Inc
Chairman:Constantine Karayannopoulos
President &CEO:Geoff Bedford
Sales Manager:Robert E Noll T el:0013038438043
Arafura Resources Limited Managing Director:Mr .Gavin Lockyer T el:(618)62107666Fax:(618)92217966
Baotou Xinyuan Rare Earth Hi-T ech New Material Co.Ltd
President:Mr .Ji Daiyu
T el:00864725154366/5154399Fax:00864725154099
China Rare Earth Holdings Limited President:Mr .Jiang Quanlong
T el:00865107456666Fax:00865107454730
Baotou Hongbo T e T echnology Co.,Ltd General Manager:Mr .Liu Jiangang
T el:00864725216500/5216503
Fax:00864725216501/5216504
Baotou Rare Earth Hi-T ech Industrial Development Zone
T el:00864725160918or 5163128
China Rare Earth Information Center
organization Host organization:Baotou Research Institute of Rare Earths organization Competent organization:The Chinese Society of Rare Earths Address
Address:No.36,RE Development Zone,Baotou,Inner Mongolia,China,014030
el T el:00864725179253Fax
Fax:00864725152008Email
Email:cnreinfo@ price Unit price:USD 27
VOL.CREIC NEWS VOL.2424No.No.66,20182018//6/25CN CN1515--11471147/TF M /TF
PUBLISHED MONTHL ONTHL Y
COPYRIGHT:The information carried on CREI Newsletter is exclu-sive and may be cited in other publications with the indication of the source of the information.Other action of citation is illegal without the written permission of Chief Editor .
Listed price of didymium oxide was 334,900yuan/ton,down 4.59%.
Price of didymium metal averaged 426,100yuan/ton,down 5.14%.
Mainstream price of praseodymium oxide averaged 437,200yuan/ton in May,down 2.13%over last month.
Mainstream price of lanthanum oxide (99.9%)averaged 15,500yuan/ton in May,keeping the same.Mainstream price of europium oxide (99.99%)was 394,400yuan/ton,down 1.43%.(4)Heavy rare earth oxides
Mainstream price of dysprosium oxide was 1,157k yuan/ton,down 2.64%.
Mainstream price of DyFe was 1,187.8k yuan/ton,down 2.36%.
Mainstream price of terbium oxide (
99.99%)averaged 2,957.8k yuan/ton in May,down 6.23%.Average listed price of yttrium oxide (99.999%)was 21,000yuan/ton in May,keeping the same with the price in April.
Mainstream price of erbium oxide averaged 175,000yuan/ton in May,down 2.29%.。