Terbium Oxide Price - January 27, 2021

Rare earth market quotation in China: terbium oxide, praseodymium oxide and praseodymium neodymium oxide prices start to decline on January 27, 2021 due to low trading activity in the market. some sellers also consider profit-taking. 

From the perspective of favorable factors, firstly, supported by the rapid development of downstream industries such as new energy vehicles, new and old infrastructure, 5G, 3C electronic products, etc., the amount of rare earths used by magnetic materials companies is still large, which can effectively support traders' confidence in prices; secondly, the market benefits from policies, for example, the "Export Control Law" took effect, the "Regulations on Rare Earth Management (Draft for Comment)" was promulgated, and some countries' purchasing and storage plans have been implemented; thirdly, from the supply side, due to factors such as environmental pressures, lower temperatures, and power curtailment, rare earth smelting companies have a relatively high degree of difficulty in mining, so production capacity is limited. In addition, some products are difficult to import, which is also the main reason for the stable operation of the market.

From the point of view of negative factors, product price is still mainly affected by the relationship between supply and demand. Downstream buyers are more afraid of high prices, which is still the main factor hindering suppliers’ price hikes. In addition, the global epidemic rebounded for the third time, which is not conducive to the recovery of the export market.

Customs data shows that the volume of rare earth permanent magnets exported to the United States in 2020 will increase and decrease in price. Specifically, the number of rare earth permanent magnets exported from China to the United States in 2020 was 4,924 tons, an increase of 7.2% compared with 2019, a continuous increase; while the average price was $39/kg, a decrease of 14.5% from the previous year.

Prices of rare earth products on January 27, 2021

Picture of neodymium oxide

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