Terbium Oxide Price - July 15, 2024

At the start of the week, Chinese rare earth prices showed partial stability with some minor declines. The price of praseodymium-neodymium oxide decreased by approximately 3,000 RMB/ton, terbium oxide by around 50 RMB/kg, and dysprosium-iron alloy by about 20,000 RMB/ton. 

With the recent continuous and significant decline in the prices of dysprosium and terbium raw materials, the prices of corresponding functional product scraps, such as neodymium-iron-boron terbium scrap, have also started to show signs of decline. This is mainly due to the low enthusiasm of downstream users for inquiry and procurement, as well as a relatively high inventory of some raw materials in the market.

News:

According to data from the National Bureau of Statistics, preliminary calculations show that the gross domestic product (GDP) for the first half of the year was 61.6836 trillion RMB, an increase of 5.0% year-on-year at constant prices. By industry, the value-added of the primary industry was 3.066 trillion RMB, an increase of 3.5%; the secondary industry was 23.653 trillion RMB, an increase of 5.8%; and the tertiary industry was 34.9646 trillion RMB, an increase of 4.6%. On a quarterly basis, GDP grew by 5.3% year-on-year in the first quarter and by 4.7% in the second quarter.

In the first half of the year, the value-added of industries above a designated size nationwide increased by 6.0% year-on-year. By the three major categories, the value-added of the mining industry increased by 2.4%, the manufacturing industry by 6.5%, and the production and supply of electricity, heat, gas, and water by 6.0%. The value-added of the equipment manufacturing industry increased by 7.8%, and the high-tech manufacturing industry by 8.7%, with growth rates 1.8 and 2.7 percentage points faster than the overall industrial sector above the designated size, respectively. By product, the output of 3D printing equipment, new energy vehicles, and integrated circuits increased by 51.6%, 34.3%, and 28.9% year-on-year, respectively.

Prices of rare earth products on July 15, 2024

Picture of praseodymium oxide

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