China Southern Rare Earth cuts prices of medium, heavy rare earth oxides

SHANGHAI, Oct 23 (SMM) – China Southern Rare Earth Group, one of the six, state-owned rare earth mining groups in China, lowered the weekly listed prices for several types of medium and heavy rare earth oxides, including the mainstream dysprosium oxide and terbium oxide, the company said on its website on October 23. 

The cuts lowered the quotes of terbium oxide to 4 million yuan/mt, down 100,000 yuan/mt from the previous price released on October 14. 

Quotes of dysprosium oxide slid 50,000 yuan/mt to stand at 1.95 million yuan/mt, and prices of holmic oxide shrank 10,000 yuan/mt, to 350,000 yuan/mt.

Prices of gadolinium oxide and erbium oxide were down 4,000 yuan/mt and 2,000 yuan/mt, respectively, and both stood at 168,000 yuan/mt. 

Listed prices for other medium and heavy rare earth oxides, including samarium oxide and europium oxide, remained unchanged.