SunSirs: On May 8th, the Prices of Dysprosium and Terbium Series in China Decreased
May 08 2023 14:28:19On May 8th, the prices of rare earth elements in the domestic dysprosium terbium series decreased. The recent market trading situation has been average, with terbium oxide prices dropping by 8.3 million RMB/ton, metal terbium prices dropping by 200000 RMB/ton to 10.25 million RMB/ton, dysprosium oxide prices reaching 1.91 million RMB/ton, metal dysprosium prices reaching 2.63 million RMB/ton, and dysprosium iron alloy prices reaching 1.875 million RMB/ton; The recent market situation in the terminal new energy vehicle market is still good, and downstream permanent magnet material manufacturers of rare earths are not actively purchasing. Although medium and heavy rare earths account for a large proportion of annual production in the domestic rare earth collection and storage plan, Myanmar's export volume is currently relatively small. In the near future, downstream on-demand procurement is the main trend, and the prices of dysprosium series in the heavy rare earth market are temporarily stable, while the prices of terbium series are declining. In the future, prices may stabilize
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