Terbium Oxide Price - June 17, 2022

China rare earth market was tepid in the week ended on Friday June 17, 2022. Due to the current weak market supply and demand, traders are not very motivated to trade, so it is difficult to update rare earth prices and transactions are slow. Currently, the prices of praseodymium neodymium oxide and terbium oxide are about 955,000 yuan/ton and 14,500 yuan/kg, respectively.

From the perspective of supply, domestic rare earth mining enterprises are restricted in mining and the import volume of mines in Myanmar is small, which are the main reasons for the slow growth of spot inventory in the current rare earth market, which is conducive to suppliers to maintain strong quotations; from the perspective of demand With the gradual stabilization of the epidemic in many provinces, Guangzhou, Shenzhen, Shanghai and other places have also successively introduced policies to promote automobile consumption, so the amount of rare earth functional materials has increased, but it is still difficult to support the sharp increase in the price of rare earth raw materials.

News: As one of the application fields of rare earth permanent magnet materials, the bulldozer market was in general in May. According to the statistics of 11 bulldozer manufacturers conducted by the China Construction Machinery Industry Association, 518 bulldozers of various types were sold in May, a year-on-year decrease of 15.4%; of which 203 were domestic, a year-on-year decrease of 41.7%; and 315 were exported, a year-on-year increase of 19.3%.

Prices of rare earth products on June 17, 2022

Picture of cerium oxide

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