Terbium Oxide Price - August 2, 2023

Rare earth market quotation in China: terbium oxide price declines slightly while holmium oxide and dysprosium oxide prices remain unchanged on August 2, 2023. 

Although the enthusiasm of downstream users to enter the market for inquiries and purchases is still low, it is still an important factor hindering the market heating up. However, due to the fact that the listing prices of North Rare Earth are flat this month, the production capacity of rare earth mining enterprises is not much released, the production cost is relatively high, and the import volume of rare earth raw materials in China is not much. Supported by favorable factors such as these, suppliers basically hold strong confidence in reluctance to sell and raise prices. At present, the industry is focusing on when the rare earth market will pick up.

The main reason for the slow increase in the supply of rare earth raw materials is that due to factors such as the current poor market conditions, high temperature and heavy rain, and high production costs, some rare earth smelting and separation enterprises have reduced production or stopped production.

In terms of news: According to Fujian Daily, due to the influence of the residual circulation of typhoon "Du Surui", since July 29, there has been continuous heavy rainfall in North China and Huanghuai. In terms of the scope of influence, the heavy rainfall swept across a large area of Hebei, Beijing, Tianjin, Shanxi, Henan, Shandong and other provinces.

Prices of rare earth products on August 2, 2023

Picture of dysprosium ferroalloy

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