SHANGHAI, Apr 4 (SMM) – Terbium oxide prices rose rapidly last week. The mainstream prices of terbium oxide jumped 6% from 9.7-9.9 million yuan/mt two weeks ago to 10.3-10.5 million yuan/mt last Friday, and those of terbium metal rose 3.6% from 12.4-12.5 million yuan/mt to 12.8-13 million yuan/mt.
The rapid rise in the prices of medium and heavy rare earth was driven by major buyers, but the overall recovery of downstream demand remained tepid and downstream buyers generally tried to push for lower prices.
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