SHANGHAI, Dec 25 (SMM) – China Southern Rare Earth Group, one of the six, state-owned rare earth mining groups in China, on Monday increased the weekly listed prices for gadolinium oxide while kept prices of other medium and heavy rare earth oxides unchanged. 

The adjustment lifted quotes of gadolinium oxide to 163,000 yuan/mt, 2,000 yuan/mt higher than a week earlier. 

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, were flat on the week.

The higher prices of gadolinium oxide were driven by renewed feedstock supply concerns following the suspension of Myanmar’s rare earth ore export to China.

SMM assessed spot prices of gadolinium oxide in China at 164,000-166,000 yuan/mt as of December 25, the highest level in more than two months and up 2,000 yuan/mt from a week ago.