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.