Holmium Oxide Price - March 25, 2024

At the beginning of the week, the overall focus of domestic rare earth prices shifted upwards again, with prices of praseodymium-neodymium oxide, gadolinium oxide, and holmium oxide increasing by approximately 7,000 yuan/ton, 4,000 yuan/ton, and 5,000 yuan/ton respectively. 

This is mainly due to the prolonged significant decline in rare earth product prices in the previous period and the increased willingness of downstream users to replenish inventory. However, due to the fact that market bearish factors have not completely dissipated, the extent of price increases is limited and transactions at high levels are not abundant. Market bearish factors include an increase in the first batch of rare earth mining quotas in 2024, sufficient spot supply in the market, a relatively large amount of rare earth raw material imports, and basic stability in production by rare earth manufacturers.

In terms of news: Data from the Jiangxi Development and Reform Commission shows that in February 2024, the average selling prices per ton of high-yttrium oxide (rare earth) and medium-yttrium-europium compounds (rare earth) in Ganzhou were 195,000 yuan and 162,000 yuan respectively, representing a decrease of 4.88% and 1.82% compared to the previous month, and a decrease of 45.83% and 47.74% respectively compared to the same period last year. The average selling price per ton of tungsten concentrate in Ganzhou was 123,000 yuan, up slightly by 1.65% month-on-month and year-on-year.

Prices of rare earth products on March 25, 2024

holmium oxide price image

Picture of erbium oxide

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