March 27th is Myanmar’s Army Day, and a military parade is held in the capital of Myanmar. In his speech at the ceremony, the chairman of the Myanmar National Management Committee and the commander-in-chief of the National Defense Force, Min Aung Lai, promised again that the general election would be held and that the country’s power would be transferred to the new winning party. Since the early morning of the same day, demonstrations against the military’s takeover of state power have taken place in Yangon, Mandalay, Lashio, Mawlamyine, Pyin Oo Lwin, Mogok and other cities in Myanmar, causing many casualties. For now, the conflict in Myanmar is rapidly escalating. The militants in northern Myanmar are “taking advantage of the fire”, causing the Myanmar military to feel a headache. Industry insiders said that Myanmar’s rare earth exports in February were not affected because most rare earth mines are located in northern Myanmar, where the situation has been stable, but the situation has deteriorated in recent days. According to media reports, relevant companies have complained about delays in the transportation of rare earths since mid-March. The slowdown in transportation has caused the price of rare earth oxides to soar. This price increase may soon be transmitted to the global market.
Domestically, there is news that environmental protection inspectors are stationed in Ganzhou. Affected by this, some local separation companies and waste recycling companies have shut down ahead of schedule, and some companies are expected to stop production for about half a month. The market’s expectation of tight rare earth spot supply has been further strengthened. As of March 25, the transaction price of praseodymium and neodymium oxide was generally between 586,000 yuan and 588 thousand yuan/ton, the transaction price of terbium oxide was also around 3050 yuan/kg, and the transaction price of gadolinium oxide was also Reached around 23-23.5 million yuan/ton.
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