Europium Oxide Price - August 15, 2022

Rare earth market quotation in China: neodymium oxide, lanthanum oxide and europium oxide prices keep stable on August 15, 2022. 

In addition to the low willingness of downstream users to receive goods due to the traditional off-season of consumption, which is the reason why the price of rare earth raw materials is difficult to rise, the slow macroeconomic growth rate and the decrease in the listed prices of northern rare earths this month also lead to suppliers' strong confidence in quotations reasons for the deficiency. However, due to the support of production costs and the difficulty in increasing the supply of rare earth raw materials, the price decline of praseodymium, neodymium, dysprosium and terbium has narrowed.

News: In the first half of 2022, the rare earth business of Xiamen Tungsten Industry achieved an operating income of 2.952 billion yuan, a year-on-year increase of 28.43%; a total profit of 184 million yuan, a year-on-year increase of 129.23%. The company's main deep-processing products, magnetic materials, achieved sales of approximately 2,646 tons, a year-on-year increase of approximately 9.82%.

Prices of rare earth products on August 15, 2022

Picture of europium oxide

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