Europium Oxide Price - May 25, 2022

Rare earth market quotation in China: praseodymium oxide, cerium oxide and europium oxide prices are unchanged from the previous trading day. Under the influence of many uncertain factors, the mentality of light and heavy rare earth traders is obviously different, which is mainly reflected in the slight increase in the price of mainstream light rare earth products, while the price of heavy rare earth products is weak.

In the light rare earth market, the overall market is generally average. In the context of the gradual improvement of the epidemic in Shanghai, domestic industrial enterprises have slowly resumed production and port traffic capacity has been enhanced, which has greatly improved the enthusiasm of downstream users for inquiries and purchases. However, due to working capital Limited and general macroeconomic expectations at this stage, high-level transactions are not easy.

In the medium and heavy rare earth market, the atmosphere of on-site purchases and sales was flat. Although supported by the limited capacity release of domestic heavy rare earth smelting and separation enterprises, the obstruction of imports from Myanmar, and the recovery of the light rare earth market, there are still many holders who are unwilling to let the price. However, the follow-up of downstream demand was less than expected, resulting in scarce orders.

In terms of news: Dadixiong (Ningguo) Permanent Magnet Technology Co., Ltd. has a total investment of 80 million yuan for the annual surface treatment and processing of 3,000 tons of high-performance NdFeB permanent magnet materials. 10.9 million yuan.

Prices of rare earth products on May 25, 2022

Picture of lanthanum oxide

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