Terbium Oxide Price - December 19, 2022

Rare earth market quotation in China: terbium oxide, praseodymium oxide and neodymium oxide prices increase on December 19, 2022 due to strong rised mentality of sellers. 

With the gradual increase of favorable factors, suppliers are generally more confident in their reluctance to sell and raise prices, but the actual transaction volume is still lower than expected. At present, the prices of praseodymium-neodymium metal, terbium oxide and dysprosium-iron alloy have risen slightly to about 850,000 yuan/ton, 13,750 yuan/kg and 2,440,000 yuan/ton respectively.

According to Chinatungsten Online, the positive factors include: first, with the approaching of Christmas, New Year’s Day and Spring Festival, downstream users have increased their enthusiasm for bargain-hunting purchases, which in turn has prompted suppliers to increase their awareness of firm quotations; In the case of small stocks, many downstream manufacturers of rare earths have accelerated their resumption of work and production, which has also largely supported the confidence of holders in holding prices.

Prices of rare earth products on December 19, 2022

Picture of erbium oxide

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