Lanthanum Oxide Price - June 14, 2023

Rare earth market quotation in China: lanthanum oxide price declines slightly while terbium oxide and dysprosium oxide prices edge higher on June 14, 2023 under the influence of many uncertain factors. 

In the light rare earth market, as downstream users are not highly motivated to make inquiries and purchases and there is no major positive news released on the policy front, the price increase of praseodymium, neodymium, lanthanum and europium series products is slightly weak, but due to production costs and market spot supply, it is difficult to increase With the support of the support, the holders are less willing to cut prices sharply.

In the medium and heavy rare earth market, the recent increase in market inquiries and the tightening of spot supply are important sources of motivation for suppliers to increase their quotations. Existing stocks are the main ones, so there is limited room for price increases of medium and heavy rare earth products.

News: According to data from the National Bureau of Statistics, in May 2023, the ex-factory price of industrial producers nationwide fell by 4.6% year-on-year and 0.9% month-on-month; the purchase price of industrial producers fell by 5.3% year-on-year and 1.1% month-on-month. Among them, in the ex-factory prices of industrial producers, the prices of mining industry fell by 11.5%, the prices of raw material industries fell by 7.7%, and the prices of processing industries fell by 4.6%. Among the purchase prices of industrial producers, the prices of ferrous metal materials fell by 11.1%, and the prices of chemical raw materials The price dropped by 10.6%, and the price of non-ferrous metal materials and electric wires dropped by 5.3%.

Prices of rare earth products on June 14, 2023

Picture of praseodymium oxide

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