Praseodymium Oxide Price - December 8, 2021

Rare earth market quotation in China: terbium oxide, praseodymium oxide and dysprosium oxide prices increase slightly on December 8, 2021. Under the influence of many uncertain factors, buyers and sellers have a fierce price game and do not give each other benefits, which hinders high-level transactions.

According to Chinatungsten Online, in addition to difficult rare earth mining and the market's increasing use of rare earth functional materials, good news continues to emerge, and it is also the main source of energy for suppliers' desire for higher expectations in the near future. The good news includes China’s approval of the establishment of the world’s largest rare earth group and the Guangzhou Future’s plan to launch rare earth and other new energy metal futures.

However, due to the approaching end of the year, traders are more aware of the withdrawal of funds and cautiously accepting goods, which is the main reason for the scarcity of orders. In addition, the current rare earth prices are not low and the tight supply of some rare earth raw materials has eased, and the consumption of buyers has increased. Reason, to a large extent, hinders the continued rise of rare earth prices.

In the news: Customs data shows that from January to November, my country’s total exports of rare earths were 4,4830.1 tons, a year-on-year increase of 43.3%; from January to November, the cumulative export value was $593.4 million, a year-on-year increase of 94.7%. Among them, exports in November were 4859.2 tons, up 86.1% year-on-year and 12.21% month-on-month; the export value was $60.9 million, up 111% year-on-year and down 5.73% month-on-month.

Prices of rare earth products on December 8, 2021

Picture of erbium oxide

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