SunSirs: On December 17th, the Prices of Rare Earth Elements Dysprosium and Terbium Declined

Price trend:

On December 17th, domestic prices for dysprosium and terbium-based rare earth elements declined.  Market activity has been generally weak recently. The price of terbium oxide fell by 50,000 RMB/ton to 6.35 million RMB/ton, the price of metallic terbium fell by 50,000 RMB/ton to 7.875 million RMB/ton, the price of dysprosium oxide fell by 10,000 RMB/ton to 1.375 million RMB/ton, the price of metallic dysprosium fell by 30,000 RMB/ton to 1.935 million RMB/ton, and the price of dysprosium-iron alloy was 1.35 million RMB/ton.

The new energy vehicle market has performed reasonably well recently, and downstream permanent magnet material manufacturers were experiencing normal transaction volumes. Downstream buyers were primarily purchasing on an as-needed basis, and new orders were generally moderate. Prices for dysprosium-based heavy rare earth elements were declining, and terbium prices were also falling.

Analysis review

Terbium oxide

The price of terbium oxide has fallen by 50,000 RMB/ton to 6.35 million RMB/ton. Market activity was generally weak, with downstream permanent magnet manufacturers purchasing only as needed.  The lack of new orders reflected relatively loose supply and weak demand, which had a generally negative impact on spot prices.

Metal Terbium  

The price of metal terbium fell by 50,000 RMB/ton to 7.875 million RMB/ton. While the end-user market for new energy vehicles remained relatively stable, it had not provided strong support for prices. Downstream transactions were normal, but purchasing intentions were weak, putting pressure on spot prices and having a generally negative impact on the market.

Dysprosium oxide

The price of dysprosium oxide fell by 10,000 RMB/ton to 1.375 million RMB/ton. Affected by the overall decline in the dysprosium market, new orders were moderate, and downstream buyers mainly purchased on a need-to-know basis. Supply-side pressure emerged, having a generally negative impact on spot prices.

Metal Dysprosium 

The price of metal dysprosium fell by 30,000 RMB/ton to 1.935 million RMB/ton. The heavy rare earth market was experiencing insufficient demand and sluggish trading. While transactions among permanent magnet manufacturers remained stable, there was a lack of growth momentum. The downward trend in spot prices was evident, exerting a generally negative impact on spot prices.

Dy-Fe Alloy

The price of dysprosium-iron alloy remained stable at 1.35 million RMB/ton, but due to the overall decline in the dysprosium market, trading activity was generally weak. Downstream buyers were cautious, and new orders were limited. The supply-demand balance was weak, exerting a generally negative impact on spot prices.

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