Lanthanum Oxide Price - October 12, 2022

Rare earth market quotation in China: praseodymium neodymium oxide and metal prices decline slightly and lanthanum oxide price remains unchanged on October 12, 2022. 

Under the influence of weak supply and demand, the price game between buyers and sellers is fierce, and there is no mutual benefit, so the activity in the market is low, and the order growth rate is slow.

According to Chinatungsten Online, although the current downstream industries of rare earth such as new energy vehicles, wind power generation, and energy-saving home appliances are developing well, and due to the rebound of the epidemic in some areas and the continued efforts to crack down on environmental protection, it is difficult to increase the supply of rare earth raw materials, but it is still difficult to offset the current The harm caused to the market by the slow follow-up of downstream user demand is mainly reflected in the lack of motivation for suppliers to raise their quotations and face a greater risk of inversion.

In terms of news: data from the Bureau of Industry and Information Technology of Baotou City shows that from January to August 2022, the added value of industries above designated size in Baotou City increased by 17.4% year-on-year, 0.8 percentage points higher than that from January to July, and 0.3 percentage points higher than the first half of the year. Among them, the added value of the photovoltaic manufacturing industry increased by 113.1%, the rare earth industry increased by 60.6%; the output of single rare earth metals increased by 55.1%, and the output of rare earth compounds increased by 27.1%.

Prices of rare earth products on October 12, 2022

Picture of erbium oxide

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

• < Prev
• Next >