Dysprosium Oxide Price - March 14, 2022

Rare earth market quotation in China: terbium oxide, dysprosium oxide and praseodymium neodymium metal prices edge lower at the beginning of the week affected by weak demand and supply. 

From the supply side, affected by the rebound of the epidemic in many places and the impending rainy season, the production of rare earth mining enterprises has been greatly restricted. In addition, the import of mines in Myanmar has been blocked, and the spot inventory of rare earths has been reduced. From the demand side, in addition to the recent numerous decline in the output of automobile manufacturers is the reason for the decrease in the use of rare earth permanent magnet materials. Some magnetic material companies still have a certain amount of rare earth inventory, which is also the main reason for the few new orders.

In terms of news: the listed prices of Northern Rare Earth this month show that lanthanum oxide is quoted at 10,800 yuan/ton, cerium oxide is quoted at 10,800 yuan/ton, praseodymium and neodymium oxide are quoted at 816,900 yuan/ton, neodymium oxide is quoted at 892,000 yuan/ton, and praseodymium metal is quoted at 816,900 yuan/ton. The price of neodymium was 995,000 yuan / ton, and the price of neodymium metal was 1.085 million yuan / ton, both unchanged from the previous month.

Prices of rare earth products on March 14, 2022

Picture of rare earth permanent magnet materials

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