Dysprosium Oxide Price - July 8, 2024

At the beginning of the week, domestic Chinese rare earth prices showed partial stability with some downward adjustments. This was mainly due to the ongoing oversupply in the market. Current poor rare earth market conditions, tight liquidity, and the complex global economic situation are all contributing to the insufficient consumption capacity of downstream enterprises. 

Additionally, as rare earth manufacturers maintain normal production, market inventory levels are increasing at a faster rate. However, due to production cost support, the price reduction space for rare earth raw materials is limited. Today, the prices of praseodymium oxide, terbium oxide, and dysprosium oxide are approximately 370,000 RMB/ton, 5,350 RMB/kg, and 1,810,000 RMB/ton, respectively.

According to the National Energy Administration, as of the end of May, the cumulative installed power generation capacity nationwide was approximately 3.04 billion kilowatts, a year-on-year increase of 14.1%. Among this, solar power generation capacity was approximately 690 million kilowatts, a year-on-year increase of 52.2%, and wind power generation capacity was approximately 460 million kilowatts, a year-on-year increase of 20.5%. From January to May, the cumulative average utilization of power generation equipment nationwide was 1,372 hours, a decrease of 59 hours compared to the same period last year. 

Prices of rare earth products on July 8, 2024

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Picture of neodymium oxide

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