SHANGHAI, Jun 17 (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 several medium-to-heavy rare earth oxides, such as dysprosium oxide, terbium oxide and gadolinium oxide.
The adjustment brought quotes of terbium oxide to 4.45 million yuan/mt, up 150,000 yuan/mt from a week earlier. Dysprosium oxide was prices at 1.95 million yuan/mt with gadolinium oxide prices at 175,000 yuan/mt, up 30,000 yuan/mt and 5,000 yuan/mt, respectively, from a week ago.
Listed prices for some other medium and heavy rare earth oxides, such as samarium oxide and ytterbium oxide, which were priced at 12,000 yuan/mt and 100,000 yuan/mt respectively, were flat on the week.
As of June 17, SMM assessed spot prices of some medium-to-heavy rare earth products also moved higher on the week. Prices of domestic spot terbium oxide averaged 4.51 million yuan/mt as of June 17, up 85,000 yuan/mt from a week ago, amid relatively tight supply and expectations of national stockpiling of the material.
Spot prices of terbium metal also climbed, by 200,000 yuan/mt on the week to an average 5.7 million yuan/mt, SMM assessments showed.
