The latest analysis of statistical data released by the General Administration of Customs of China shows that in April 2022, China’s rare earth export volume and price have both risen, the export volume is at a high value, and the average export price has hit a new high in recent years.

Specifically, in April 2022, China's rare earth export volume was 4,427 tons, an increase of 18.5% year-on-year. The data analysis of the monthly average export price shows that the average export price in April hit a new high of nearly 8 years, that is, 24.7 US dollars / kg, which is 2-4 times the monthly average price in the past (at least 10 years).

In addition, in the first four months of 2022, China exported a total of 17,107.2 tons of rare earths, a year-on-year increase of 9.4%; the export value was 191.6 million US dollars, a year-on-year increase of 84.5%.

The analysis of the export volume data in the past four years ago and April shows that China's rare earth export volume has grown steadily, and the average export price has risen steadily and sharply.

In 2022, both the export volume and the average export price will hit a new high in nearly four years. Among them, around 2019, due to trade frictions and the impact of the new crown epidemic, the export volume appeared to fluctuate a little abnormally.

In the first four months of 2022, the average export price of China's rare earths reached US$20.7/kg, a significant increase of 68.7% year-on-year, and the rate also increased significantly, with an increase of 45.1% in 2021.