China Southern Rare Earth leaves prices of most rare-earth oxides unchanged

SHANGHAI, Aug 20 (SMM) – China Southern Rare Earth Group, one of the six, state-owned rare earth mining groups in China, this week did not change its listed prices for most rare-earth oxide products, according to a notice on the company's website on Monday August 19.

The producer’s quotes for its rare-earth oxide products, except for gadolinium and europium oxides, all remained unchanged from a week ago, with the price for terbium oxide staying at 4.12 million yuan/mt and that for dysprosium oxide at 2.01 million yuan/mt for a third straight week.

The price for gadolinium oxide rose for a third week in a row, gaining 2,000 yuan/mt from a week ago to 174,000 yuan/mt, while that for europium oxide fell 5,000 yuan/mt to 290,000 yuan/mt. Quote for samarium oxide held stable at 12,000 yuan/mt.

Listed prices stood at 370,000 yuan/mt for holmium oxide, 190,000 yuan/mt for erbium oxide, 100,000 yuan/mt for ytterbium oxide, 4.3 million yuan/mt for lutetium oxide, 21,000 yuan/mt for yttrium oxide and 9 million yuan/mt for scandium oxide.