Holmium Oxide Prices - January 13, 2025

At the beginning of the week, the domestic rare earth market performed poorly, mainly due to the persistent issue of strong supply and weak demand. The prices of praseodymium-neodymium metal, terbium oxide, and holmium oxide remained stable at approximately 494,000 CNY/ton, 5,800 CNY/kg, and 415,000 CNY/ton, respectively.

On the supply side, cold weather and low selling prices of rare earth products have caused some manufacturers to slow production. However, with downstream demand remaining weak for a long time, the spot supply in the market continues to be relatively abundant.

On the demand side, traders exhibit a clear preference for buying during price increases, and magnet material companies lack sufficient purchasing power, resulting in limited market demand.

The Inner Mongolia Natural Resources Department reported that in 2024, the region achieved significant increases in strategic mineral reserves. Newly added resources include 591 million tons of iron ore, 80.6 tons of gold, 52,400 tons of molybdenum, and 11.89 million tons of fluorite. Reserves of other dominant minerals also saw substantial growth, with 12.759 billion tons of coal, 513.27 tons of silver, 222,100 tons of lead, 707,100 tons of zinc, 397 tons of indium, 1.772 million tons of pyrophyllite, and 2.188 million tons of sodium sulfate added.

Prices of rare earth products on January 13, 2024

Picture of erbium oxide

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