Southern rare Earth: some oxides continue the downward trend dysprosium oxide reduced by 10,000 yuan / ton

[Production Under Pressure, Supply Marginal Reduction, Silicon Prices Remain Under Pressure] Currently, the silicon metal industry chain is showing a clear game-playing pattern, with structural divergence between upstream and midstream. On the supply side, silicon enterprises are incurring cash flow losses, and a few have undergone maintenance and production halts. As the actual output reduction has been limited so far, it has not had a directional impact on market sentiment. Silicon enterprises are holding prices firm and unwilling to lower quotations to boost orders, leading to an accumulation trend in industry in-factory inventory. In the midstream, social inventory has been destocking for several consecutive weeks. Trading firms engaging in both spot and futures markets are preferring transactions at low futures levels, and inventories in the trade circulation sector continue to destock. The tightening of circulating supply has driven the spot-futures price spread to strengthen, with spot prices showing greater resistance to declines than futures.

[SMM: Low Arrivals, Mainly Cargo Pick-Up, Silicon Metal Social Inventory Continues Destocking Trend] SMM statistics as of July 30 show that the social inventory of silicon metal in major regions decreased by 13,000 mt WoW.

【SMM Tantalum & Niobium Express】Global Advanced Metals (GAM), a leading high-purity tantalum and niobium producer in North America, officially put its upgraded new metallurgical purification process into operation at its Boyertown, Pennsylvania production base in June this year. This integrated optimized purification process revolutionizes the traditional electron beam melting and solvent extraction workflows, enabling precise control of trace oxygen, carbon and metallic impurities in tantalum and niobium feedstocks. Verified through multiple batches of industrial trials, the yield rate of superconducting-grade niobium for fusion magnet components has increased by 18 percentage points compared with the original process. Superconducting-grade niobium requires extremely low impurity content to ensure an ultra-high residual resistance ratio, making it an indispensable core raw material for the ITER Nb₃Sn superconducting coils. GAM has signed a multi-year fixed supply framework agreement with General Atomics, the US domestic manufacturing general contractor for ITER. The new process simultaneously improves the purification efficiency of semiconductor-grade high-purity tantalum ingots, cutting the single-batch production cycle by 22% and significantly reducing material loss. Currently, the global supply of niobium dedicated for fusion applications is tight, and this technological upgrade enables GAM to expand its stable supply capacity for ITER and other large-scale particle accelerator projects. The company stated that it will further expand its purification production lines by 2027 to meet the surging market demand for superconducting metals driven by the global fusion energy and high-end semiconductor industries.