SHANGHAI, Apr 29 (SMM) – China Southern Rare Earth Group, one of the six state-owned rare earth mining groups in China, has raised the weekly listed prices for gadolinium oxide and holmic oxide while cut prices of erbium oxide. Overall demand for medium-and-heavy rare earth oxides, however, remained weak.
The adjustment brought quotes of erbium oxide to 148,000 yuan/mt, down 2,000 yuan/mt from a week earlier. Gadolinium oxide was priced at 153,000 yuan/mt with holmic oxide at 352,000 yuan/mt, 1,000 yuan/mt and 7,000 yuan/mt higher, respectively, from a week ago.
Listed prices for other medium and heavy rare earth oxides, such as dysprosium oxide and terbium oxide, which were priced at 1.82 million yuan/mt and 4 million yuan/mt respectively, were flat on the week.
SMM assessed spot prices of some medium-to-heavy rare earth products edged lower as of April 29 on the backdrop of grim prospects for consumption.
Spot prices of domestic dysprosium oxide (with a grade of 99.5-99.9%) are assessed at 1.77-1.8 million yuan/mt as of April 29, down 10,000 yuan/mt from April 28. Prices of terbium oxide (with a grade of 99.95-99.99%) also shed 10,000 yuan/mt from Tuesday to 3.89-3.94 million yuan/mt as of April 29.