Holmium Oxide Prices - January 20, 2025

At the start of the week, domestic rare earth prices were largely stable, with minor declines in specific areas.

 For example, praseodymium-neodymium oxide prices dropped by approximately RMB 2,000/ton, and holmium oxide and dysprosium oxide prices each decreased by around RMB 5,000/ton. These adjustments were mainly due to significant price increases in rare earth raw materials last week, coupled with slow follow-up from downstream demand.

In the short term, rare earth prices are expected to maintain a relatively strong trend. From the supply side, while current market spot supply remains relatively sufficient, suppliers are generally reluctant to lower prices due to factors such as the approaching Lunar New Year holiday, high production costs, and increased production difficulties. On the demand side, downstream users are displaying low consumption initiative, with some magnetic material enterprises and other rare earth functional material manufacturers already beginning holiday shutdowns.

Market News:

According to People’s Political Consultative Conference Net, supported by the Ministry of Finance, the China Geological Survey under the Ministry of Natural Resources has discovered an ultra-large ion-adsorption rare earth deposit in the Honghe area of Yunnan Province, with potential resources of 1.15 million tons. Among them, key rare earth elements such as praseodymium, neodymium, dysprosium, and terbium exceed 470,000 tons. This marks a significant breakthrough in ion-adsorption rare earth exploration since the first such deposit was discovered in Jiangxi Province in 1969 and is poised to become China’s largest medium and heavy rare earth deposit.

Prices of rare earth products on January 20, 2024

Picture of erbium oxide

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