Since the start of 2012 the Nd prices has fallen from around 1000RMB/kg to around 795RMB/kg in February 2012 and have fallen to 721RMB/kg going into March 2012. How long this will go on for is unknown but is welcomed by everyone! Since the start of 2012 the Sm prices has fallen from around 440RMB/kg to around 410RMB/kg in February 2012 and have fallen to 402.5RMB/kg going into March 2012. This is a slow downward trend which is again welcomed.
Having had massive prices for Nd element last year (going from 100RMB/kg in early 2009 through to around 350RMB/kg early 2011 then rapidly rising to 1800RMB/kg in July 2011), the prices have been starting to fall since August 2011 and have fallen below to 1000RMB/kg price at the start of January 2012. The outlook appears to indicate a continued reduction but what will happen is never certain. A return to 2009 prices is highly unlikely. Sm prices are indicating a similar trend with around 100RMB/kg during 2009 and 2010, rapidly rising during April 2011 onwards to a peak of 550RMB/kg in September 2011 and now starting to fall slightly to around 440RMB/kg. The outlook for Sm pricing is uncertain with limited confidence in the prices falling much further.
In early January 2012 the Nd element price was just below 1000RMB/kg (the peak was 1800RMB/kg in July 2011). On 24 January 2012, the price was 818.5RMB/kg, continuing the slow decline in prices. As for Sm element, it was around 440RMB/kg early January 2012 but is now (24 January 2012) around 422.5RMB/kg, a slower decline (Sm peak price was 550RMB/kg in September 2011). It is unknown when the falling prices will end or to what level either.