Holmium Oxide Prices - August 14, 2023

At the beginning of the week, China’s domestic rare earth market as a whole showed a situation of having price but no market. With the strong support of production costs, the reduction in output of some rare earth manufacturers and the good development of the new energy industry, suppliers generally maintained firm quotations. 

However, due to the current weak demand from magnetic material companies and polishing powder companies, the transaction fell short of expectations.

Currently, the prices of praseodymium and neodymium metal, holmium oxide and dysprosium oxide are about RMB 587,000/ton, RMB 560,000/ton and RMB 2,350,000/ton respectively. 

In terms of news: China Fund News reported that on August 14, according to Tesla’s official news, Tesla Model 3 launched a time-limited insurance subsidy of 8,000 yuan for existing vehicles. At the same time, the prices of the Model Y long-endurance version and high-performance version were both lowered by 14,000 yuan, and the adjusted starting prices were 299,900 yuan and 349,900 yuan, respectively.

Prices of rare earth products on August 14, 2023

holmium oxide prices image

Picture of lanthanum oxide

lanthanum oxide image

Follow our WeChat to know the latest tungsten price, information and market analysis.

 

 

WeChat