Lanthanum Oxide Price - January 14, 2022

Rare earth market quotation in China: terbium oxide and dysprosium oxide prices continue to increase while lanthanum oxide price remains unchanged in the week ended on Friday January 14, 2022. 

In addition to the unresolved shortage of raw material supply in December last year, which is the main source of confidence for suppliers to support prices, the Spring Festival is approaching and logistics and transportation are sluggish, prompting downstream users to complete their procurement plans ahead of schedule, which is also the main reason for the rise in rare earth prices.

In the light rare earth market, the price of praseodymium and neodymium products fluctuated the most. At the beginning of the week, supported by the lack of raw material inventory and the increase in inquiries from buyers, the price of praseodymium and neodymium rose sharply, and the price of praseodymium and neodymium adjusted slightly towards the weekend, mainly because the downstream enterprises basically Completion of replenishment plans and insufficient liquidity.

In the medium and heavy rare earth market, high-level transactions are generally average. Affected by the limited release of domestic mining companies' production capacity, the difficulty in importing mines in Myanmar, and the good development of the new energy market, the prices of mainstream products have risen. However, in order to avoid the risk of inversion, consumers are more rigid. Mainly trading.

In terms of news: in December, the prices of rare earth products in Baotou City showed a trend of rising month-on-month: the average price of rare earth carbonate was 69,000 yuan/ton, up 6.8% month-on-month and doubled year-on-year; the average price of cerium oxide was 9,150 yuan/ton, flat month-on-month, down year-on-year 6.2%; the average price of neodymium oxide was 896,000 yuan/ton, up 9.1% month-on-month and 79.7% year-on-year; the average price of neodymium metal was 1.045 million yuan/ton, up 1.5% month-on-month and 72% year-on-year; the average price of praseodymium neodymium metal was 1.036 million yuan/ton, up 5.3% month-on-month and doubled year-on-year.

Prices of rare earth products on January 14, 2022

Picture of lanthanum oxide

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