|6/24/2015 by mdc|
|CREQ back to 2013 and more published by Shanghai Metals Market|
Q1 -2015 Highlights:
Market Outlook: Rare earth prices are expected to rise significantly in 2015, driven by robust demand growth in new energy vehicle and other new markets, such as rare earth functional ceramics and PVC.
Demand: Operating rates at rare earth downstream sectors held largely stable in Q1. The average operating rate was 67% at permanent magnet sector, 13% at fluorescent powder sector, 30% at hydro-storage alloy powder sector, and 30% at polishing sector.
Macro Front: China GDP growth slowed to 7.0% in Q1. Other global major economies showed mixed performances.