Terbium Oxide Price - January 6, 2022

Rare earth market quotation in China: terbium oxide price declines slightly while praseodymium neodymium oxide and metal prices edge higher on January 6, 2023. 

Although the quotations of many suppliers have been raised due to the small stock of rare earth raw materials and the support of production costs, the market activity is low and the transaction volume is low due to weak downstream demand.

In the light rare earth market, the overall situation is stable and relatively strong, which is mainly due to the fact that under the influence of factors such as the accelerated spread of the epidemic, the strengthening of environmental protection efforts, and the sudden drop in temperature, the output of light rare earth manufacturers has generally shrunk, coupled with the fact that many places Manufacturers have accelerated the resumption of work and production, and the confidence of shippers in raising quotations has increased.

In the medium and heavy rare earth market, the overall operation remains stable. Under the circumstances that downstream users maintain rigid demand purchases and rare earth mining enterprises release production capacity, the holders basically maintain firm quotations. It is worth mentioning that some industry players predict that the growth rate of domestic rare earth indicators may slow down in 2023, and demand is expected to usher in a full recovery, so rare earth prices are expected to rise.

Prices of rare earth products on January 6, 2022

Picture of neodymium oxide

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