Europium Oxide Price - November 24, 2021

Rare earth market quotation in China: europium oxide, lanthanum oxide and dysprosium oxide prices mainly maintain stability at the end of November, 2021 with limited transactions concluded in the market. 

From the perspective of positive factors, firstly, with the arrival of winter, the temperature is relatively low, which in turn increases the difficulty coefficient of rare earth mining enterprises. In addition, in order to meet the Winter Olympics, environmental protection checks will also reduce rare earth enterprises to a certain extent. The output is therefore beneficial to suppliers’ quotations. Secondly, in the peak season of traditional consumption, the development prospects of the downstream traditional and emerging industries of rare earth are good, which promotes the increase in the amount of rare earth functional materials, which is also the main reason for the industry's greater expectations for the market outlook.

From the perspective of negative factors, firstly, the price of mainstream rare earth products, especially dysprosium and terbium products, is slightly difficult to increase due to the news of the upcoming customs clearance at Myanmar border ports; the second is that downstream users are basically Maintain just-needed purchases and beware of the risk of upside-down.

The listing prices of Southern Rare Earth this week showed that samarium oxide was 25,000 to 25,500 yuan/ton, and the median price was increased by 11,000 yuan/ton; terbium oxide was 1040 to 10.6 million yuan/ton, and the median price was decreased by 750,000 yuan/ton; dysprosium oxide is 2.9~2.95 million yuan/ton, the median price is reduced by 50,000 yuan/ton; holmium oxide is 1.17~119 million yuan/ton, the median price is reduced by 25,000 yuan/ton; erbium oxide is 3.5~355,000 yuan Yuan/ton, the median price is reduced by 20,000 yuan/ton; yttrium oxide is quoted at 61,000 to 63,000 yuan/ton, and the median price is increased by 10,000 yuan/ton.

Prices of rare earth products on November 24, 2021

Picture of rare earth metals

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