China Southern Rare Earth increased prices of medium and heavy rare earth oxides 

SHANGHAI, Dec 10 (SMM) – China Southern Rare Earth Group, one of the six, state-owned rare earth mining groups in China, increased the weekly listed prices for gadolinium oxide and holmic oxide on Monday, on the back of the recovery of ownstream demand from stockpiling before Chinese New Year. 

Quotes of gadolinium oxide increased 4,000 yuan/mt on the week to 162,000 yuan/mt, and prices of holmic oxide rose 5,000 yuan/mt to stand at 310,000 yuan/mt.

Listed prices for other medium and heavy rare earth oxides, such as terbium oxide and dysprosium oxide, which were priced at 3.9 million yuan/mt and 1.9 million yuan/mt respectively, remained unchanged from a week ago. 

In the spot market, prices of terbium oxide rose by an average 10,000 yuan/mt from December 9 and came in at 3.46-3.49 million yuan/mt as of December 10, SMM assessments indicated. On the other hand, spot prices of dysprosium oxide rose 20,000 yuan/mt on the day to 1.7-1.72 million yuan/mt as of December 10.