Terbium Oxide Price - Sep. 5, 2022

Details: Category: Tungsten's News; Published on Tuesday, 06 September 2022 09:34

At the beginning of the week, the overall focus of domestic rare earth prices still fell slightly, mainly due to the lower-than-expected consumption capacity of downstream users, the slightly looser spot supply of rare earth raw materials, the high level of panic among traders, and the slow growth of the global economy.

At present, the price of praseodymium neodymium oxide and praseodymium neodymium metal has approached 600,000 yuan/ton and 700,000 yuan/ton respectively, while terbium oxide price has fallen below 13,000 yuan/kg. However, supported by the production cost and the expected development of the downstream rare earth industry, some industry players still have certain expectations for the future market.

News: The State Council's "Carbon Peak Action Plan before 2030" pointed out that by 2030, the total installed capacity of wind power and solar power generation in my country will reach more than 1.2 billion kilowatts, and the demand for NdFeB permanent magnet materials will increase significantly.

Prices of rare earth products on Sep. 5, 2022

terbium oxide price photo