Holmium Oxide Price - November 20, 2023

At the beginning of the week, Chinese rare earth market remained relatively weak. Influenced by the difficulty in downstream demand recovery and the willingness of many raw material suppliers to exchange volume for price, most industry participants exhibited a somewhat insufficient confidence in the future, primarily adopting a cautious wait-and-see approach. 

Currently, the prices of praseodymium-neodymium oxide, praseodymium-neodymium metal, and holmium oxide have decreased by approximately 4,000 yuan/ton, 5,000 yuan/ton, and 10,000 yuan/ton, respectively. However, in the case of tightening supply of some rare earth raw materials and strong support from production costs, some suppliers have limited room for price concessions.

In terms of news: China National Scientific Instruments and Materials (Group) Corporation (CSIMC) reported a business revenue of 2.113 billion yuan in the third quarter of 2023, a year-on-year decrease of 24.62%. The net profit attributable to the parent company was 60.8537 million yuan, a year-on-year decrease of 71.18%. In the first three quarters of 2023, the company's operating income was 6.417 billion yuan, a year-on-year decrease of 14.52%. The net profit attributable to the parent company was 2.23 billion yuan, a year-on-year decrease of 63.73%. The main reasons for the company's performance decline during the reporting period were the decrease in operating income, narrowing gross profit margin, and exchange rate fluctuations.

Prices of rare earth products on November 20, 2023

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Picture of erbium oxide

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