Soft Demand in High Purity Lanthanum Oxide Market

As optical glasses industry keeps flat, high purity lanthanum oxide 99.999% demand remains soft and the prices drop a bit to RMB95,000-100,000/t (USD15,210-16,010/t) at present.

A source from a separation plant in South China disclosed that lanthanum oxide 99.999% market suffers from slow buying activities due to wait-and-see attitudes of buyers. The plant quotes RMB100,000/t (USD16,010/t) for the material at the moment, down by around RMB2,000/kg (USD320/t) compared with that of last week. “Lanthanum oxide 99.999% inquiries are few and buyers are not interested in rebuilding stocks,” said the source.

The plant produces around 30 tons of lanthanum oxide 99.999% per month and hasn’t concluded transactions so far this week. The source said that lanthanum oxide 99.999% prices will fall slightly in the coming weeks.

A source from a optical glasses producer in South China also noted that they have no plan to rebuild lanthanum oxide 99.999% inventories for the time being due to soft demand from end users. “Optical glasses market is silent, which leads us to be in no hurry to buy rare earth raw material,” said the source. “We can procure lanthanum oxide 99.999% at prices a bit lower than RMB95,000/t (USD15,210/t), however, we prefer to watch the market for a while.”

According to the source, the plant used to produce 20-30 tons of lanthanum oxide 99.999% per month and it has reduced production due to weak demand. 

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