Holmium Oxide Price - March 22, 2023

The domestic rare earth market as a whole maintains a stable operation on March 22, 2023. 

Under the mutual influence of many positive and negative factors, the negotiation atmosphere between buyers and sellers is slightly deadlocked, mainly due to the strong sentiment of buyers to suppress prices and the limited room for sellers to make profit.

With the price of rare earth raw materials and permanent magnet materials falling for a long time and approaching the cost line, some suppliers tentatively raised their quotations. The current prices of praseodymium neodymium oxide, holmium oxide and dysprosium iron alloy rose slightly to 562,000 yuan/ton and 280,000 yuan/ton and 1,960,000 yuan/ton respectively. However, whether the price of rare earth products can stabilize and rise in this way still needs to be observed in the market outlook.

In terms of news: According to information from the Inner Mongolia Department of Industry and Information Technology, as of now, Baotou Rare Earth High-tech Industrial Development Zone, Inner Mongolia Baotou Iron and Steel Metallurgy Development Zone, Inner Mongolia Wuhai High-tech Industrial Development Zone, Inner Mongolia Chifeng High-tech Industrial Development Zone, Inner Mongolia Ordos Etuoke The output value of the five development zones in the economic development zone exceeded 100 billion yuan.

Prices of rare earth products on March 22, 2023

Picture of europium oxide

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