Terbium Oxide Price - April 6, 2023

Rare earth market quotation in China: terbium oxide price increases slightly while gadolinium oxide and praseodymium neodymium oxide prices edge lower on April 6, 2023. 

The domestic rare earth market as a whole showed a pattern of ups and downs, mainly due to the limited consumption capacity of downstream users, which led to a general lack of confidence in suppliers' quotation increases. This is mainly reflected in the fact that the price of praseodymium and neodymium has rationally declined due to the news that Tesla has proposed "removing rare earths" and the first batch of light rare earth indicators this year has risen by 22%. Due to the recovery, the supplier's quotation has been tentatively raised recently.

In mid-to-late March, supported by the 4.8% decline in the first batch of medium and heavy rare earth indicators this year and the continuous introduction of favorable policies for new energy vehicles, most suppliers have a strong awareness of price increases. However, the slow follow-up of downstream demand has led to a slight correction in terbium prices in the near future.

News: Recently, the Ministry of Industry and Information Technology has emphasized that it is necessary to give full play to its advantages and implement policies according to the industry, guide enterprises to increase investment in equipment renewal and transformation, actively build a production and marketing docking platform, focus on stabilizing bulk consumption such as automobiles and consumer electronics, and strive to expand home appliances, home furnishing, and green building materials. Consumption: It is necessary to promote the optimization and upgrading of the industrial system, accelerate the transformation and upgrading of traditional industries, consolidate the leading position in advantageous industries such as new energy vehicles, photovoltaics, mobile communications, and power equipment, cultivate and expand emerging industries such as new energy and new materials, and plan future industries forward-looking.

Prices of rare earth products on April 6, 2023

Picture of neodymium oxide

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