The Price of Dysprosium and Terbium on June 11, 2024

The overall domestic rare earth market is still weak. Under the influence of many uncertain factors, the price trends of light and heavy rare earth products are slightly different, that is, the price of praseodymium and neodymium remains stable, while the price of dysprosium and terbium continues to decline slightly.

In the light rare earth market, the weak demand of magnetic material enterprises and the decline in the listing price of northern rare earths this month are the main reasons for the decline in praseodymium and neodymium prices. However, due to the strong support of production costs and the small amount of spot supply in the market, the holders have a strong awareness of firm quotations. In the medium and heavy rare earth market, the prices of mainstream products continue to fall, which is mainly due to the small number of downstream inquiries, the large amount of raw material spot inventory, the lack of confidence of suppliers in stabilizing prices, and the large increase in the prices of mainstream products in the previous period. It is worth mentioning that in the case of a long-term decline and a large decline in the price of rare earth raw materials in the near future, the quotations of holders may be raised at any time.

Prices of rare earth products on June 11, 2024

Picture of neodymium oxide

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