China Terbium Oxide Price - July 20, 2020

Rare earth market quotation in China: terbium oxide price climbs slightly while lanthanum oxide and praseodymium oxide prices remain stable in late July. Under the influence of many uncertain factors, both the supply and demand sides are weak. Participants mostly maintain cautious operations and focus on on-demand procurement. 

Affected by the traditional off-season consumption, the continued spread of epidemic in some regions and the geopolitical instability of various countries, downstream demand remains exhausted, and the speed of inquiries and purchases in the market is slow, so the number of new orders is small. However, the recent high temperature, heavy rains and strict environmental protection are important factors that hinder the release of rare earth smelting enterprises' production capacity. Limited inventory of some products, relatively high production costs, and the active development of the new energy industry, and other possible positive factors are all factors that support traders' firm quotations.

Prices of rare earth products on July 20, 2020

Picture of praseodymium oxide

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