Gadolinium Oxide Price - November 6, 2023

At the beginning of the week, Chinese rare earth market was relatively weak, mainly reflected in the slight decline in the prices of many mainstream heavy and medium rare earth raw materials and the limited number of new orders. 

According to information from Chinatungsten Online, the prices of gadolinium oxide, holmium oxide, and dysprosium oxide have each decreased by approximately 4,000 CNY per ton, 15,000 CNY per ton, and 20,000 CNY per ton, respectively. The decline in prices of mainstream heavy and medium rare earth raw materials can be attributed to slightly improved availability of spot market supplies and the slowdown in consumption growth of downstream users, as the "Golden September and Silver October" period has concluded. However, due to support from production costs, many rare earth suppliers are still willing to maintain firm pricing.

In terms of news, Ningbo Yunsheng reported revenue of approximately 4.024 billion CNY in the first three quarters of 2023, a year-on-year decrease of 19.56%. The net profit attributable to the parent company was a loss of approximately 247 million CNY, a year-on-year decrease of 174.51%. In the third quarter, the total operating revenue was 1.338 billion CNY, a year-on-year decrease of 25.5%, and the net profit attributable to the parent company was -60.14 million CNY, a year-on-year decrease of 165.96%.

Prices of rare earth products on November 6, 2023

Picture of neodymium oxide

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

• < Prev
• Next >