Europium Oxide Price - January 16, 2023

Rare earth market quotation in China: europium oxide, terbium oxide and cerium oxide prices keep stable on January 16, 2023 as most market participants are not active in market trading.

Under the mutual influence of many positive and negative factors, buyers and sellers are less motivated to enter the market, which makes it difficult to update product prices and the actual transaction volume is relatively small. Favorable factors include the current low stock of raw materials such as praseodymium and neodymium, the good development of rare earth downstream industries such as the new energy automobile industry, and the support of production costs; negative factors include the shortage of funds for some buyers and the slow growth of the global economy.

In terms of news: In 2022, China's automobile production and sales will complete 27.021 million and 26.864 million vehicles, a year-on-year increase of 3.4% and 2.1% respectively. Among them, the production and sales of new energy vehicles were 7.058 million and 6.887 million respectively, a year-on-year increase of 96.9% and 93.4% respectively.

Prices of rare earth products on January 16, 2023

Picture of neodymium oxide

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