Lanthanum Oxide Price - May 19, 2021

Rare earth market quotation in China: praseodymium oxide, lanthanum oxide and dysprosium oxide prices continue to drop in the middle of May, which is mainly caused by the slightly insufficient consumption capacity of downstream separation companies and magnetic materials companies.

Under the normal mining of rare earth smelting enterprises, the growth of raw material inventory will also be faster, which in turn encourages holders to increase their profit-taking mentality. In addition, the current rare earth prices are still at a relatively high level, which is also the main reason for the slowdown in purchases by downstream users.

However, the downstream manufacturing industry is still developing relatively well. Statistics show that in the first four months, China has sold 6.702 million vehicles, a year-on-year increase of 50.7%; in the first three months, installed renewable energy power generation capacity reached 948 million kilowatts, of which wind power installed capacity was 287 million kilowatts; renewable energy power generation capacity reached 948 million kilowatts; energy power generation amounted to 475.47 billion kWh, of which wind power was 173.7 billion kWh. In the first three months, the retail volume of China's household air-conditioning retail market was 7.89 million units, a year-on-year increase of 65.2%, and retail sales were 25.8 billion yuan, a year-on-year increase of 87.8%.

Prices of rare earth products on May 19, 2021

Picture of lanthanum oxide

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