Terbium Oxide Price - January 13, 2023

The overall situation of the China’s rare earth market has not changed significantly this week. Under the mutual influence of negative and positive factors, light and heavy rare earth traders have different attitudes, mainly reflected in the slight increase in the price of praseodymium oxide and neodymium oxide, while the price of dysprosium oxide and terbium oxide dropped slightly. 

Currently, the prices of NdPrO, NdPr metal and DyO are about RMB 725,000/ton, RMB 880,000/ton and RMB 2,460,000/ton respectively.

From the perspective of the supply side, with the increasing atmosphere of the Spring Festival and the increasing efforts to crack down on environmental protection, some rare earth manufacturers have entered the maintenance state ahead of schedule. Coupled with the current poor market conditions, manufacturers have a strong sense of voluntary production reduction, resulting in higher spot inventories in the market. Difficult to increase. From the perspective of demand, due to the continuous suspension of logistics and the heavy psychology of traders to buy up and not buy down, the atmosphere of buying and selling in the market is relatively deserted.

In terms of news: the record table of investor relations activities shows that the current total production capacity of NdFeB blanks in Innova is about 13,000 tons, of which the Hengdian base has a production capacity of 5,000 tons, and the Ganzhou base has a production capacity of 8,000 tons. The capacity utilization rate is between 70% and 80%. between. In 2023, the company will add about 2,000 tons of production capacity, and will expand production in the medium and long term in accordance with established plans and market changes in the future.

Prices of rare earth products on January 13, 2023

Picture of neodymium oxide 

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