SMM, 29 Oct:
The price of rare earth continues to decline today, and the price of heavy rare earth represented by dysprosium oxide and terbium oxide has dropped obviously. Dysprosium oxide 155-1.58 million yuan / ton, terbium oxide 350-3.55 million yuan / ton, holmium oxide 33-340000 yuan / ton, praseodymium oxide neodymium oxide 28.5-290000 yuan / ton, neodymium oxide fell to 28.7-292000 yuan / ton. Affected by the gradual easing of the supply side in the future, the price of medium and heavy rare earths has been lowered to varying degrees, and the supply of goods at low prices continues to exist in the market, but the sentiment of downstream enterprises towards the market has intensified, and the actual transaction situation in the market is relatively weak. On the light rare earths side, weak demand for light rare earths has also affected falling prices. In the short term, focus on whether follow-up demand has improved.
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