Terbium Oxide Price – May 4, 2023

The overall China’s domestic rare earth market is still weak, mainly reflected in the slight decline in the prices of rare earth products such as praseodymium, neodymium, dysprosium and terbium and the actual transaction volume is small. 

However, due to the good support of production costs and the development of emerging industries, suppliers have limited room to bargain. Currently, the prices of praseodymium neodymium oxide, terbium oxide and dysprosium iron alloy are around 437,000 yuan/ton, 8,500 yuan/kg and 1,870,000 yuan/ton respectively.

According to the "2023 Global Electric Vehicle Outlook" report, global electric vehicle sales in 2023 will increase by 35% compared with the previous year, reaching 14 million units, accounting for 18% of the overall automotive market. As one of the important application fields of rare earth functional materials, the growth of global electric vehicle sales in 2023 will help the rare earth market to recover.

In terms of news: On May 2, news from Tesla China’s official website showed that Tesla raised the prices of its main models sold in China across the board, and the starting prices of Model 3 and Model Y both increased by 2,000 yuan. Among them, the price of Tesla Model 3 in China rose to 231,900 yuan, the price of Model 3 high-performance version rose to 331,900 yuan; the price of Tesla Model Y rear-wheel drive version in China rose to 263,900 yuan, and the price of the long-endurance version rose. to 313,900 yuan, and the high-performance version rose to 363,900 yuan.

Prices of rare earth products on May 4, 2023

Picture of lanthanum oxide

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