Europium Oxide Price - March 22, 2021

Rare earth market quotation in China: europium oxide, lanthanum oxide and cerium oxide prices continue to keep firm in the second half of March.

On the one hand, the marker is beneficiary from the policy, supply and demand sides; on the other hand, COVID-19 is gradually contained worldwide and sellers are reluctant to reduce prices. but affected by capital shortage, purchasers keep rational, leading to limited new increased orders. 

In the terms of news, smart phones contain a series of rare earth elements, including yttrium, lanthanum, terbium, neodymium, gadolinium and praseodymium. Because of its magnetism, neodymium is required for mobile phone vibration motors, microphones, and speakers; rare earth lanthanum is the material for cameras. in 2021, global smartphone shipments will increase by 6.5% year-on-year to 1.38 billion units, according to industry forecasts. 

Prices of rare earth products on March 22, 2021

Picture of praseodymium oxide

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