Gadolinium Oxide Price - April 10, 2023

Details: Category: Tungsten's News; Published on Monday, 10 April 2023 17:18

Rare earth market quotation in China: neodymium oxide, gadolinium oxide and dysprosium oxide prices moved down on April 10, 2023, mainly due to weak demand from downstream users and limited positive support.

Specifically, before and after the Qingming Festival, due to the support of production costs, suppliers' quotations were tentatively raised, but because the enthusiasm of buyers for consumption has not been significantly improved, the recent stockholders rationally gave up profits.

It is worth mentioning that last Friday, according to news on Tesla’s US official website, in order to boost consumer demand, Tesla has lowered the starting prices of the long-range version and the high-performance version of the Model 3 in the United States by $1,000. This may be beneficial to the improvement of the rare earth market, because the increase in Tesla's sales can also drive the demand for rare earth permanent magnet materials to a certain extent.

In terms of news: According to data from the China Iron and Steel Association, from January to February 2023, the total profit of the electric power and heat production and supply industry will increase by 53.1% year-on-year, the electrical machinery and equipment manufacturing industry will increase by 41.5%, and the oil and natural gas extraction industry will increase by 8.6%. The equipment manufacturing industry increased by 0.2%, the coal mining and washing industry decreased by 2.3%, the special equipment manufacturing industry decreased by 8.9%, the non-metallic mineral product industry decreased by 39.2%, the automobile manufacturing industry decreased by 41.7%, and the chemical raw material and chemical product manufacturing industry decreased by 56.6% %, the non-ferrous metal smelting and rolling processing industry fell by 57.2%, the computer, communication and other electronic equipment manufacturing industry fell by 77.1%, the petroleum coal and other fuel processing industries, and the ferrous metal smelting and rolling processing industries all turned from profit to loss.

Prices of rare earth products on April 10, 2023

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