Dysprosium Oxide Price - November 8, 2021

At the beginning of the week, terbium oxide, dysprosium oxide and praseodymium neodymium oxide prices keep rising affected by the tightening availability of raw materials. 

Affected by the short supply of many raw materials, traders generally have a strong psychology of reluctance to sell at low prices. However, as the prices of raw materials continue to increase, downstream users are more and more hesitant to purchase, which has led many traders to have a greater concern on the market outlook.

According to Chinatungsten Online, the main reasons for the low spot inventory of most rare earth raw materials are: 1) Due to stricter environmental protection policies and extreme weather, the production of domestic rare earth mining enterprises has slowed down; 2) Myanmar's political instability has led to limited imports; 3) The downstream industries of rare earth automobiles, electronics, inverter air conditioners, etc. are developing well, which greatly increases the demand for rare earth permanent magnet materials, which in turn is beneficial to the quotation of materials such as praseodymium and neodymium.

Prices of rare earth products on November 8, 2021

Picture of dysprosium oxide

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