China Terbium Oxide Price - April 6, 2021

Rare earth market quotation in China: terbium oxide price edges lower while neodymium oxide and cerium oxide prices remain stable in the first trading day after the holiday of Tomb-Sweeping Day.

In the early stage, the downstream magnetic material companies were more enthusiastic in purchasing, which resulted in a large amount of current backlog. Therefore, it is mainly based on just-needed purchases and de-stocking. This has made the buying and selling atmosphere in the field slightly deserted and new orders are limited. However, supported by stricter environmental protection policies and production costs, suppliers still have a strong psychology of reluctance to sell.

In terms of news: the second round of the third batch of central ecological environmental protection inspections has been fully launched, and 8 central ecological environmental protection inspection teams have been formed, respectively, to carry out the work of inspectors stationed for about one month, covering 8 provinces/regions including Shanxi, Liaoning, Anhui, Jiangxi, Henan, Hunan, Guangxi, and Yunnan.

Prices of rare earth products on April 6, 2021

Picture of cerium oxide

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