Inner Mongolia Rare Earth Society reported that recently the rare earth products market ran smoothly with the steady raw materials prices.

After one year controlling on rare earth industry in 2005, the rare earth industry has been developed greatly in 2006. Although the export amount of rare

The price of extractive mine of rare earth soared to CNY 2,600 and even CNY 2,800 per ton in the first half of this year from CNY 2,000 recorded in 2005-end, with a surge of 30% to 40%.

Rumors said that rare earth price will undergo its tuning point on 23rd, Aug.

After several-decade development and active participation in the international competition, China has become the number one in rare earth resource, production, export and consumption and rare earth has been one of the few leading sectors in China,

Market players are talking about the increased price of rare earth, wondering if the price can continue up further.

Domestic rare earth market strengthened last week, pushed by the rise of neodymium oxide prices. But there was a slight drawback of dysprosium oxide prices for the spot business and terbium oxide price was steady.

As expected, rare earth price rises at the beginning of 2006, due to a tight supply condition.