Europium Oxide Price - November 17, 2022

Rare earth market quotation in China: europium oxide, neodymium oxide and lanthanum oxide prices are unchanged from the previous trading day on November 17, 2022. Some traders are trying to raise their offers with the increased demand and reduced supply of raw materials. 

However, under the condition that the negative atmosphere in the market is still relatively strong, the momentum for a sharp rise in rare earth prices is still insufficient and the actual transaction volume is lower than expected.

According to Chinatungsten Online, the negative factors include: First, although the downstream industries of rare earths such as the new energy automobile industry and the wind power industry have developed well, they have not been transmitted to the upstream in time, resulting in less demand from magnetic material companies and polishing companies; second, the current external The environment is complex and severe, overseas inflation is running at a high level, the global economy has a greater downside risk, and the domestic economic recovery is unstable, prompting downstream rare earth enterprises to be more cautious in consumption.

News: According to data from the National Bureau of Statistics, the gross domestic product (GDP) in the first three quarters was 87,026.9 billion yuan, a year-on-year increase of 3.0%, 0.5 percentage points faster than the first half of the year. Among them, in the third quarter, my country's GDP was 30,762.7 billion yuan, an increase of 3.9% year-on-year, 3.5 percentage points faster than the second quarter. In the third quarter, the added value of the primary industry was 2,564.2 billion yuan, a year-on-year increase of 3.4%; the added value of the secondary industry was 12,155.3 billion yuan, a year-on-year increase of 5.2%; the added value of the tertiary industry was 16,043.2 billion yuan, a year-on-year increase of 3.2%.

Prices of rare earth products on November 17, 2022

Picture of cerium oxide

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