SunSirs: On October 7th, the Prices of Dysprosium and Terbium Series in China Increased
October 08 2023 13:43:13 SunSirs (John)
Price trend
On October 7th, the prices of rare earth elements in the domestic dysprosium terbium series increased.
Analysis review
The recent trading situation on the exchange was average. The price of terbium oxide was 8.5 million RMB/ton, the price of metal terbium was 10.7 million RMB/ton, the price of dysprosium oxide had increased by 10,000 RMB/ton to 2.7 million RMB/ton, the price of metal dysprosium was 3.35 million RMB/ton, and the price of dysprosium iron alloy was 2.585 million RMB/ton.
The recent market situation of terminal new energy vehicles was still good, and the transaction situation of downstream rare earth permanent magnet material manufacturers was normal. As of October 7th, there was news of closure in Myanmar, and downstream procurement was mainly based on demand. The price trend of dysprosium series in the heavy rare earth market had increased, and the price of terbium series was temporarily stable.
Market outlook
It is expected that the market price trend will mainly rise in the later stage.
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