Dysprosium Oxide Price - November 21, 2022

Rare earth market quotation in China: terbium oxide, dysprosium oxide and praseodymium neodymium metal prices increase at the beginnng of the week. 

Under the interaction of positive and negative factors, the consumer market has gradually shifted from a buyer's market to a seller's market, but the actual transaction volume has not increased significantly. The main reasons for the increased confidence of suppliers in raising prices are: supported by production costs and the continuous decline in rare earth prices in the early stage, the holders are forced to increase their sense of profit.

News: According to data from the National Bureau of Statistics, in October 2022, the added value of industries above designated size actually increased by 5.0% year-on-year. In terms of industries, in October, 26 of the 41 major industries maintained year-on-year growth in added value. Among them, the chemical raw material and chemical product manufacturing industry increased by 9.8%, the ferrous metal smelting and rolling processing industry increased by 10.2%, the non-ferrous metal smelting and rolling processing industry increased by 6.8%, the general equipment manufacturing industry increased by 2.0%, and the special equipment manufacturing industry increased by 3.0%. , the automobile manufacturing industry increased by 18.7%, the railway, shipbuilding, aerospace and other transportation equipment manufacturing industry increased by 0.5%, and the computer, communication and other electronic equipment manufacturing industry increased by 9.4%.

Prices of rare earth products on November 21, 2022

Picture of lanthanum oxide

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