Dysprosium Oxide Price - January 11, 2023

Rare earth market quotation in China: neodymium oxide and praseodymium neodymium oxide prices pick up slightly while dysprosium oxide price edge lower on January 11, 2023. 

In the case of weak supply and demand, the consensus between buyers and sellers is not high, which makes the atmosphere of buying and selling in the market weak and the industry's confidence in the market outlook is low.

In the light rare earth market, the market is good. Although the Spring Festival is approaching and the environmental protection crackdown has been strengthened, some magnetic material companies and polishing companies have entered the maintenance state ahead of schedule. However, due to the support of small raw material stocks and production costs, suppliers basically maintain firm quotations. In the medium and heavy rare earth market, the overall operation remains weak. In order to realize cash and alleviate problems such as insufficient funds, many suppliers have rationally lowered their quotations.

In terms of news: Tesla's price cuts will help increase demand for rare earth functional materials. Recently, Tesla China’s official website showed that the prices of the domestically produced Model 3 rear drive, Model 3 high-performance version, Model Y rear drive, Model Y long-range battery life and Model Y high-performance version have been reduced by 36,000 yuan, 20,000 yuan, 29,000 yuan, and 48,000 yuan, respectively. and 38,000 yuan.

Prices of rare earth products on January 11, 2023

Picture of europium oxide

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

• < Prev
• Next >