Dysprosium Oxide Price - June 29, 2022

Rare earth market quotation in China: terbium oxide, dysprosium oxide and praseodymium neodymium oxide prices decline slightly on June 29, 2022. 

Under the gradual weakening of favorable factors, the panic of many traders has become more and more intense, which is mainly reflected in the decline in the prices of praseodymium, neodymium, dysprosium and terbium products to varying degrees, and the slow follow-up of downstream demand.

From the perspective of positive factors, supported by the price of raw materials, the difficulty in increasing the spot supply of rare earths in the market, and the good development prospects of the new energy industry, most stockholders are willing to maintain firm quotations and believe that the market conditions may improve in the future. From the perspective of negative factors, affected by the long-term poor demand and shortage of liquidity, some suppliers took the initiative to lower their quotations in order to obtain more orders. Under this situation, many buyers are more wait-and-see.

Prices of rare earth products on June 29, 2022

Picture of rare earth permanent magnet materials

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