China’s terbium oxide output in October was 44 mt, down 2.4% MoM. The dip was mainly reflected in Guangxi.
According to SMM research, further blockade of Myanmar border made for ore supply reduction, while demand remained muted. Under this circumstance, terbium oxide prices remained soft. SMM believed that metal plants are unlikely to see a significant increase in new orders towards the end of the year. In addition, the end date of Myanmar’s border closure was not yet fixed. It is expected that terbium oxide production may keep shrinking slowly.

![희토류 가격 혼조세, 하류 관망 심리 강해 [SMM 희토류 일일 리뷰]](https://imgqn.smm.cn/usercenter/rqOXm20251217171744.jpeg)
