Dysprosium Oxide Price - December 9, 2020

Rare earth market quotation in China: the DyFe, terbium oxide and dysprosium oxide prices continue to rise on December 9, 2020 with the impact of limited import and the development of emerging markets. 

Affected by the high prices of many products, the demand of downstream magnetic materials companies has generally slowed down, which has weakened the confidence of upstream businesses to raise prices to a certain extent. In addition, near the end of the year, some businesses have raised their quotations again in order to withdraw funds. But sharp price increase is not likely to happen. 

The export volume of rare earths in November 2020 was 2611.1 tons, an increase of 14.1% from the previous month, and a decrease of 0.9% from November last year, according to customs statistics. The average export price was $11.1/kg, an increase of 14.1% from the previous month. It fell 12.1% in November last year. The export volume of rare earths from January to November was 42,673 tons, a decrease of 26.7% from the same period last year.

Prices of rare earth products on December 9, 2020

Picture of europium oxide

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