Europium Oxide Price - June 27, 2022

Rare earth market quotation in China: neodymium oxide, lanthanum oxide and europium oxide prices are unchanged from last week under the both weakness in the supply and demand sides. 

According to Chinatungsten Online, the main reason for the low spot inventory of rare earth raw materials is that the production capacity release rate of rare earth smelting and separation enterprises has slowed down due to the recent high temperature and heavy rain and poor market conditions; The reason is that the current rare earth price is still relatively high and the development speed of the downstream industry of rare earth is average.

In terms of news: On June 22, Baotou Steel Co., Ltd. announced that it intends to re-sign the rare earth concentrate supply contract with Northern Rare Earth. It is planned that the transaction price of rare earth concentrates between the two parties will be adjusted to 39,189 yuan/ton excluding tax from July 1, and REO Increase or decrease by 1%, the price excluding tax will increase or decrease by 783.78 yuan / ton, and the total transaction volume of rare earth concentrates in 2022 will not exceed 230,000 tons. Compared with the adjusted price in January this year, the price of rare earth concentrate has risen by 46%.

Prices of rare earth products on June 27, 2022

Picture of europium oxide 

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