Dysprosium Oxide Price - November 9, 2022

Rare earth market quotation in China: DyFe, dysprosium oxide and praseodymium neodymium oxide prices increase slightly on November 9, 2022 under the intertwining of optimistic and negative factors.

According to Chinatungsten Online, due to the relatively tense epidemic situation in some areas, the production of rare earth manufacturers is restricted to a certain extent, and the logistics and transportation are slow, resulting in some buyers failing to receive the goods in time. The cost line has forced holders to increase their awareness of profit, so it is unlikely that rare earth prices will drop sharply again. However, due to the limited consumption capacity of downstream users, the sharp rise in rare earth prices is also subject to greater resistance.

News: According to the Baotou Bureau of Industry and Information Technology, in the first three quarters of 2022, the GDP of Baotou City will be 282.15 billion yuan, a year-on-year increase of 7.3%. From the perspective of key industries, the added value of the six key industries of iron and steel, aluminum, equipment manufacturing, rare earth, electric power and photovoltaic manufacturing increased by 25.2% year-on-year, accounting for 74.0% of the added value of the industry above the scale, driving the growth of the industrial added value above the scale. 16.4 percentage points. Among them, the added value of the photovoltaic manufacturing industry increased by 111.9%, and the added value of the rare earth industry increased by 59.1%. The two major industries together drove the industrial added value to increase by 12.9 percentage points.

Prices of rare earth products on November 9, 2022

Picture of terbium oxide

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