China Terbium Oxide Price - Jun. 24, 2020

Rare earth market quotation in China: the terbium oxide, neodymium oxide and praseodymium neodymium metal prices rise slightly despite the market is in a stalemate and trading activity is low. 

Rare-earth ores mined in Myanmar contain high concentrations of dysprosium, which is mined in only limited areas in China. Myanmar had become an attractive source for Chinese refiners as its rare metals are traded at relatively low prices due to cheap labor and loose environmental protection.

The suspension of imports from Myanmar has pushed up dysprosium prices since the start of the year, paving the way for soaring rare-earth metal prices in May and June over speculation that China could announce a ban on imports. Rare-earth metal prices are particularly susceptible to movements in China's market, given its small size and the country's dominance.

Prices of rare earth products on Jun. 24, 2020

Picture of praseodymium oxide

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