Terbium Oxide Price - March 21, 2022

Rare earth market quotation in China: europium oxide, neodymium oxide and lanthanum oxide prices remain unchanged while terbium oxide price declines slightly at the beginning of the week. 

Downstream users are less motivated to receive goods, and some suppliers have a strong sense of profit realization. However, under the support of rare earth mining companies with high difficulty in mining, high production costs and slow international logistics and transportation, many mainstream suppliers are still willing to maintain firm quotations, with limited room for profit.

According to Chinatungsten Online, the main reasons for the sluggish market demand are: first, the current rare earth selling price is still relatively high and liquidity is limited, which has led to a strong wait-and-see attitude among buyers; second, due to the conflict between Russia and Ukraine and the global epidemic Affected by the rebound, many automakers such as Ford and Tesla have cut production and stopped production, which is not conducive to the increase in the amount of rare earth functional materials.

In terms of news: Baotou Steel plans to produce 14.7 million tons of pig iron, 16.4 million tons of crude steel, 15.48 million tons of commercial billets, 160,000 tons of rare earth concentrates, and 300,000 tons of fluorite in 2022. In 2022, the company's operating income budget target is 83.45 billion yuan. In 2022, the company plans to invest 164 projects in infrastructure technological transformation, with a planned investment of 2,886.62 million yuan.

Prices of rare earth products on March 21, 2022

Picture of rare earth permanent magnet materials

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