Terbium Oxide Price - August 14, 2024

Chinese rare earth market has rebounded again on August 14, 2024, mainly reflected in the significant increase in prices of many products and the enhanced confidence of industry players in the future market. 

On August 14, 2024, the prices of praseodymium oxide, terbium oxide, and dysprosium ferroalloys have increased by approximately 6000 yuan/ton, 130 yuan/kilogram, and 40000 yuan/ton, respectively. In this situation, the price of neodymium iron boron waste has also slightly increased, such as the price of terbium in neodymium iron boron waste rising by about 10 yuan/kg.

In the light rare earth market, there is a strong overall atmosphere of reluctance to sell and optimism, mainly due to the current low selling price of light rare earths, the unchanged month on month listing price of rare earths in the north, the favorable purchasing enthusiasm of downstream users on dips, and limited import volume of overseas raw materials. In the market for medium and heavy rare earths, there is an overall pattern of having value but no market. Due to strong production cost support and rising prices of light rare earths, some suppliers have raised their quotations, but the market demand is still lower than expected.

In terms of news, according to the Baotou Bureau of Industry and Information Technology, since the beginning of this year, Inner Mongolia has been promoting steady progress and improvement in the industrial economy, exploring the formation of a "five focuses" mechanism for stabilizing growth, including focusing on smooth production and demand, building a supply and demand platform, and promoting the prosperity of production and sales. Eight production supply and demand matching activities were carried out around key industrial chains such as new energy equipment, rare earths, and new energy vehicles. More than 150 procurement contracts were signed on site with a procurement amount of over 8 billion yuan, effectively connecting the two-way channels of enterprise product production and market sales. In the first half of the year, the production and sales rate of industrial products above designated size in the entire region was 96.5%, which was 0.9 percentage points higher than the national average level; The output of key industrial products in the entire region has maintained rapid growth, among which the output of polycrystalline silicon and monocrystalline silicon has increased by 108.2% and 62.3% respectively year-on-year, and the output of chemical raw materials has increased by 26.5%.

Prices of rare earth products on August 14, 2024

Picture of erbium oxide

Follow our WeChat to know the latest tungsten price, information and market analysis.

• < Prev
• Next >