Dear Valued Customers:
China President Mr. Xi Jinping has recently visited Jiangxi Province, where is the hub of China’s heavy rare earth raw materials.
After the president’s visit on this Monday 20th May, the trend of PrNd and DyFe material prices is like in the attached charts.
Even foreign affairs ministry said it’s only normal for the Chinese leader to pay a domestic visit and study relevant industrial policy, some analysts read as a sign that China could play the rare earth card in US clash.
At the mean time, PrNd and DyFe prices were continuously at low level till last week so that the 6 major stated-owned rare earth suppliers have a strong willingness to raise the prices, and imports of rare earth-related commodities have been halted from 15th, May by Tengchong Customs in Yunnan Province, the sole entry for rare earth shipments from Myanmar to China which may further affect the prices of medium-to-heavy rare earths, including dysprosium oxide and terbium oxide.
Considering that the tariff issue is not likely to be solved between two countries in a short time, we would like to take this opportunity to offer you some recommendations to get through the current situation:
- All your current pending orders will be produced at agreed prices without effect. SDM has enough stock to complete yourcurrent orders.
- We are able to providequotations, however due to the critical material markets our prices will not be valid as long as before. Onlyspot prices are available at this moment.
- It will be greatly appreciated if you can contact us again before ordering.
- As soon as the situation gets more smooth, you will surely receive our notice immediately.
We will do our best to find out best solutions for you and your company and we apologize for all the inconveniences that may have caused.
Thank you very much.