Light Rare Earth Prices Stabilised, New Energy Companies in Yangtze River Delta Region Preparing for Production Resumption

SHANGHAI, Apr 20 (SMM) - Light rare earth prices stabilised today, while that of middle and heavy rare earths extended the growth.

PrNd oxide prices stood at 850,000-860,000 yuan/mt today, while the prices of alloy were between 1.05-1.07 million yuan/mt, with a few traded at 1.04 million yuan/mt. The prices of neodymium oxide were stable, and inquiries for PrNd products were quiet. The mainstream prices of gadolinium oxide stabilised at around 430,000 yuan/mt following PrNd products.

The mainstream prices of middle and heavy rare earth products have increased to varying degrees, with the mainstream offer of terbium oxide rose to 14.2 million yuan/mt. The mainstream prices of dysprosium oxide climbed to 2.6 million yuan/mt, and that of terbium metal increased to 17.6 million yuan/mt. The mainstream transaction prices of dysprosium metal were 3.45-3.5 million yuan/mt.

It is reported that some new energy industry-related enterprises in the Yangtze River Delta region are now preparing to resume work and production.