Lanthanum Oxide Prices - November 22, 2023

Rare earth market quotation in China: lanthanum oxide, gadolinium oxide and praseodymium neodymium metal prices decline slightly on November 22, 2023. 

With subdued downstream demand and a slightly loose spot market supply, traders generally exhibit low enthusiasm in their operations. This has resulted in a slow pace of order growth and a somewhat diminished confidence among industry players regarding the future market.

On the supply side, although some manufacturers have reduced production due to the current low rare earth prices and continued efforts in environmental protection, the rapid increase in spot market inventory is still evident due to the soft market demand. In terms of demand, most magnetic material companies have lower operating rates, primarily relying on depleting inventory and on-demand procurement. This has, in turn, made it challenging for rare earth prices to stabilize and rebound.

In terms of news, data from the National Energy Administration shows that as of the end of October 2023, the cumulative installed power generation capacity in the country is approximately 2.81 billion kilowatts, representing a year-on-year growth of 12.6%. Among this, solar power generation capacity is about 540 million kilowatts, with a year-on-year growth of 47.0%, and wind power generation capacity is about 400 million kilowatts, with a year-on-year growth of 15.6%.

Prices of rare earth products on November 22, 2023

Picture of lanthanum oxide

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