Terbium Oxide Prices Rallied from Lows Last Week

SHANGHAI, May 22 (SMM) - Terbium oxide prices rallied from lows last week. The mainstream traded prices soared from 7.7-7.9 million yuan/mt on the week to 8.2-8.3 million yuan/mt last Friday, up about 6%, and those of terbium metal rose from 9.8-10 million yuan/mt to 10-10.1 million yuan/mt, up around 1.5%. The mainstream traded prices of yttrium oxide did not change much.

Prices of terbium products bottomed out as holders were less willing to cut their quotes further when the prices already stood low, and downstream inquiries about terbium oxide grew rapidly.