Erbium Oxide Price - April 1, 2024

At the beginning of the week, the domestic rare earth market showed mixed performance. Although prices of some products have seen certain increases, market transaction volumes remain low due to continued weak buying interest from downstream users. 

Currently, the prices of praseodymium-neodymium oxide, terbium oxide, and erbium oxide have increased by approximately 6,000 yuan/ton, 40 yuan/kg, and 4,000 yuan/ton, respectively. The main reason for the price increases is that the prices of these products had experienced a prolonged and significant decline in the previous period, and current selling prices are relatively low. Therefore, to avoid the risk of inverted price relationships, some suppliers have tentatively raised their quotations.

In terms of news: Guangsheng Nonferrous achieved a total operating income of 20.805 billion yuan in 2023, a year-on-year decrease of 9.01%; net profit attributable to the parent company was 203 million yuan, a year-on-year decrease of 12.45%; non-net profit was 138 million yuan, a year-on-year decrease of 44.08%; net cash flow from operating activities was -477 million yuan, compared to -378 million yuan in the same period last year; basic earnings per share was 0.6 yuan; at the end of the reporting period, the company's total assets were 7.677 billion yuan, a year-on-year increase of 4.79%.

Prices of rare earth products on April 1, 2024

Picture of erbium oxide 

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