Terbium Oxide Price - August 30, 2023

China’s domestic rare earth market is gradually heating up at the end of August 2023, as various factors intersect between bullish and bearish trends, leading to an overall increase in supplier confidence to raise prices. 

According to information from Chinatungsten Online, the current prices of terbium oxide, 55N NdFeB rough, and neodymium iron boron waste (terbium) have increased by around 150 yuan per kilogram, 5 yuan per kilogram, and 100 yuan per kilogram respectively. However, there is still significant room for improvement in transactions, and industry participants have relatively high expectations for positive market performance in the short term.

Positive factors include: firstly, the prevalence of high-temperature rainstorms in certain regions has limited the production of some rare earth manufacturers; coupled with the continuous enhancement of China's rare earth resource integration efforts in recent years, this is conducive to suppliers raising their quotes. Secondly, the rapid development of industries such as robotics and wind power, the upcoming end of the traditional consumption off-season, and the fact that current rare earth prices are still relatively low have led to increased enthusiasm in downstream user inquiries and purchases. Negative factors mainly stem from the continuous rise in rare earth prices, which could enhance apprehensions about high prices among buyers.

In terms of news, Hengdian Dongci achieved a business revenue of 10.246 billion yuan in the first half of 2023, a year-on-year increase of 9.35%. It also recorded a net profit attributable to the parent company of 1.212 billion yuan, a year-on-year increase of 52.03%, and a non-GAAP net profit attributable to the parent company of 1.249 billion yuan, a year-on-year increase of 88.36%.

Prices of rare earth products on August 30, 2023

Picture of praseodymium oxide

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

• < Prev
• Next >