Holmium Oxide Prices – May 8, 2024

Chinese rare earth market overall maintains a slightly strong trend on May 8, 2024. Although there are still a few products such as dysprosium iron alloy experiencing minor declines in price, many suppliers are unwilling to reduce prices and even tentatively raise their quotes. 

For instance, the prices of praseodymium oxide, gadolinium oxide, and holmium oxide have increased by approximately 3,000 yuan/ton, 3,000 yuan/ton, and 40,000 yuan/ton, respectively.

This is mainly due to the increase in the listing price of rare earths in northern China this month, widespread maintenance of rigid demand purchasing by downstream users, and the favorable development of downstream rare earth industries. However, despite the recent rise in rare earth raw material prices, the prices of rare earth permanent magnet materials and their scrap have not increased accordingly, which may to some extent limit the upward space for raw material prices.

In terms of news, China Rare Earth achieved operating income of approximately 302 million yuan in the first quarter of 2024, a decrease of 81.94% year-on-year; net profit attributable to shareholders was a loss of approximately 289 million yuan, a decrease of 364.98% year-on-year; non-recurring net profit was a loss of approximately 290 million yuan, a decrease of 367.13% year-on-year; basic loss per share was 0.2721 yuan; at the end of the reporting period, total assets were 5.138 billion yuan, a decrease of 7.20% year-on-year.

Prices of rare earth products on May 8, 2024

Picture of erbium oxide

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