China March terbium oxide output and April forecast

China’s terbium oxide output in March was down by 1.3% MoM at 42.5 mt, primarily dragged by Jiangxi where output lost 7%.

Ion-absorption ore holders pledged their spot ore due to losses. In addition, Myanmar is about to enter the rainy season, and the supply of ion-absorption ore may hardly increase. Holders were reluctant to sell, tightening low-priced supplies. Some separation plants in Jiangxi slightly reduced production due to shortage of raw materials.