Dysprosium Oxide Price - August 17, 2022

Rare earth market quotation in China: DyFe, dysprosium oxide and praseodymium neodymium oxide prices continue to drop on August 17, 2022. Under the weak supply and demand, the buyer's market still has great advantages, mainly reflected in the fact that many suppliers are willing to sell at lower prices in order to realize cash.

However, under this background, the transaction is still weak. Supported by the high cost of production and the limited supply of rare earth raw materials, there is limited room for stockholders to make profits.

From the perspective of the supply side, under the condition that the rare earth market has been underperforming for a long time, some rare earth manufacturers have taken the initiative to reduce production. In addition, due to the fact that the domestic and foreign epidemic has not subsided and some regions in China have begun to implement power curtailment policies, the rare earth market spot supply It is even more difficult to increase, so it is beneficial to suppliers' quotations; from the perspective of demand, although magnetic material companies are highly motivated to inquire, but affected by the slow global economic growth, the actual transactions are not much, coupled with the impact of power cuts in many places , the downstream users have less demand.

News: Xiamen Tungsten Industry and Chifeng Gold signed the "Resource Development Strategic Cooperation Framework Agreement", and they are each other's only strategic partners in the field of rare earth resources business in Laos. Both parties agreed to establish a joint venture company, of which Party A, the company, accounted for 49%, and Party B, Chifeng Gold, accounted for 51%. The joint venture focuses on developing rare earth resources in Laos.

Prices of rare earth products on August 17, 2022

Picture of cerium oxide 

Follow our WeChat to know the latest tungsten price, information and market analysis.

• < Prev
• Next >