Lowering International Rare Metals Price

International rare metal market price is still way to find the bottom. The price of indium and gallium keeps decreasing while antimony, cobalt, bismuth and cerium oxide kept the level for a month but the price could decrease. Chinese supplies of rare metals still keep higher offer but the buyers cannot accept the price due to uncertainty in actual demand and financial market.

Indium market price decreased to around US$ 500 per kilogram, which is 7% lower from the level a month ago. Gallium price also decreased to less than US$ 400.

Neodymium metal price decreased by 6% to US$ 160 per kg in a month. The price decreased to a third of a year earlier level but the users’ appetite is still slow. A trading firm source said the users have enough inventory wile the supply increases through worldwide development.

Cerium oxide price keeps US$ 26.50 per kg level for a month. However, the price could decrease due to lower consumption by Japanese users and worldwide new development.

Antimony price is flat at US$ 14,000 per tonne. The price hit US$ 14,200 temporarily but decreased due to slow demand. Cobalt price is also flat at US$ 14.50 per pound for a month due to lowering base metal market.