SMM, 28 October:
The price of rare earth products fell sharply today, affected by future supply and demand in the market. Dysprosium oxide fell to 158-1.61 million yuan / ton, terbium oxide fell to 356-3.59 million yuan / ton, gadolinium oxide dropped to 15.7-162000 yuan / ton, praseodymium neodymium oxide and neodymium oxide prices also dropped, to 28.8-293000 yuan / ton and 29-295000 yuan / ton respectively. Today, the quotation of large factories in the upper reaches of the rare earth market is generally down, there are actually lower quotations in the market, a small number of metal plants have the willingness to purchase, there are not many downstream inquiries, and the overall market transactions are relatively light. Affected by the news and the future supply and demand situation, market confidence has been shaken. Subsequent prices of light, medium and heavy rare earth products are expected to continue to fall.
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