Terbium Oxide Price - August 24, 2022

Rare earth market quotation in China: terbium oxide, dysprosium oxide and praseodymium neodymium metal prices continue to edge lower on August 24, 2022. 

As the favorable factors in the market are gradually exhausted, the negative factors in the market are becoming more and more intense, so many suppliers are more willing to lower prices and sell, and the industry's bearish sentiment towards the market outlook is intensified.

From the perspective of positive factors, first, affected by the current sluggish rare earth market, some rare earth manufacturers have taken the initiative to reduce production capacity, coupled with the recent power curtailment and high temperature and rainfall in many places, which are not conducive to the production of rare earth production enterprises, so the market is supplied from stock; second, supported by the optimistic development prospects of rare earth downstream industries such as new energy vehicles and wind power generation, many industry players still believe that rare earth prices are expected to stop falling and rebound in the future.

From the point of view of negative factors, firstly, downstream users are not very motivated to receive goods, and they basically maintain just-needed purchases; secondly, the listed price of rare earths in northern China has been slightly lowered this month; thirdly, the total control indicators for the total amount of rare earth mining, smelting and separation of the two batches before 2022 are year-on-year Both rose 25%.

Prices of rare earth products on August 24, 2022

Picture of neodymium oxide

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