Lanthanum Oxide Price - February 9, 2022

Rare earth market quotation in China: terbium oxide and praseodymium oxide prices increase slightly while lanthanum oxide price remains unchanged on February 9, 2022. 

Under the influence of many uncertain factors, the negotiation atmosphere between buyers and sellers is relatively stalemate, which makes the market trading enthusiasm low and product prices into a state of difficult to rise and fall. However, supported by production costs, suppliers basically maintain firm quotations.

From the perspective of positive factors, first, due to the strengthening of environmental protection supervision of the Winter Olympics and the shortage of coal power supply in winter, the production of some rare earth mining enterprises has been restricted to a certain extent, which is conducive to the quotation of suppliers; second, new energy vehicles, consumer electronics, new The good development of industries such as infrastructure, 5G communication, and wind power generation can drive the demand for rare earth functional materials to a large extent.

From the perspective of negative factors, first, in the first week after the Spring Festival, many downstream magnetic material enterprises have not fully resumed normal production, which is the main reason for less market inquiries; second, the current rare earth price is still at a high position, so buyers Rational consumption is generally maintained to avoid the risk of inversion.

Prices of rare earth products on Feb. 9, 2022

Picture of lanthanum oxide-

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