Terbium Oxide Price - December 17, 2021

This week, China’s domestic rare earth market generally showed a trend of high volatility and consolidation. Under the gradual weakening of bullish factors, sellers' confidence in price stability was slightly insufficient, mainly reflected in the decline in the prices of mainstream products. 

The current prices of neodymium praseodymium oxide and metal have dropped to RMB 850,000/ton and RMB 1030,000/ton respectively; terbium oxide price is about RMB 11,200/kg.

From the perspective of favorable factors, firstly, in order to welcome the arrival of the New Year's Day and the Winter Olympics, environmental protection requirements have risen, coupled with the drop in temperature and repeated epidemics, the production of rare earth smelting and separation enterprises is restricted, which is not conducive to the increase of raw material stocks; With the gradual relaxation of power restriction policies in many places and the gradual easing of the tight supply of chips, the production speed of rare earth downstream enterprises has generally accelerated, which has increased the demand for rare earth functional materials to a large extent.

From the point of view of negative factors, firstly, under the situation of tight funds at the end of the year, the price of rare earth raw materials is too high, which is not conducive to the purchase of downstream users; secondly, some overseas manufacturers are forced to Suspension of production and production cuts, coupled with blockages in international transportation, are even more detrimental to the warming of China's rare earth export market.

Prices of rare earth products on December 17, 2021

Picture of cerium oxide

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