Dysprosium Oxide Price - October 28, 2021

China rare earth prices are still showing a steady upward trend on October 29, 2021 Under the combined effect of supply reduction, increasing demand and favorable policies. The transaction prices of many mainstream products have reached new highs during the year. 

The current neodymium praseodymium oxide and neodymium praseodymium metal prices have risen to around 720,000 yuan/ton and 880,000 yuan/ton, respectively, and the prices terbium oxide and dysprosium oxide are about 9,400 yuan/kg and 2,850,000 yuan/ton, respectively.

According to Chinatungsten Online, the main reasons for the recent general increase in the prices of rare earth products are: tightening environmental protection policies, expanding power limits, and increasing rare earth production costs, which have led to increased market panic, which is mainly reflected in suppliers’ reluctance to sell. The rising psychology is heavier and downstream users are more motivated to inquire and purchase.

From January to September, the 38 rare earth companies in the high-tech zone achieved a total industrial output value of 15.52 billion yuan, a year-on-year increase of 86.9%. In terms of industry types, raw material companies, new materials companies, and terminal application companies completed output values of 7.65 billion yuan, 6.676 billion yuan, and 1.194 billion yuan respectively, up 114.5%, 85.2%, and 5.3% year-on-year, accounting for 49% and 43% of the total output value respectively. %,8%. 

From the perspective of new material companies, permanent magnet material companies, hydrogen storage material companies, and polishing material companies completed output values of 6.073 billion yuan, 428 million yuan, and 175 million yuan, respectively, representing a year-on-year increase of 90.9%, 59.8%, and 11.8%. In terms of economic type, the total output value of 8 state-owned and state-holding enterprises was 8.77 billion yuan, an increase of 106% year-on-year, accounting for 56.5% of the total output value of the rare earth industry.

Prices of rare earth products on October 28, 2021

Picture of cerium oxide

Follow our WeChat to know the latest tungsten price, information and market analysis.