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SMM analysis on China June medium-heavy rare earth output and July forecast

iconJul 11, 2024 13:54
Source:SMM
In June, China's production of dysprosium oxide was 214 mt, down 0.6% MoM, with the decline mainly reflected in Guangxi and Jiangsu.

In June, China's production of dysprosium oxide was 214 mt, down 0.6% MoM, with the decline mainly reflected in Guangxi and Jiangsu. Domestic production of terbium oxide was 40.8 mt, flat MoM. Domestic production of gadolinium oxide was 298.9 mt, down 2% MoM, with the decline mainly reflected in Jiangsu and Jiangxi. Domestic production of holmium oxide was 42.9 mt, down 1% MoM, with the decline also mainly reflected in Jiangsu.

According to SMM, due to significant profit compression, miners showed a low willingness to sell, making it difficult for separation plants to procure raw materials. Some separation plants in certain regions chose to reduce production. Some miners reported that due to heavy rainfall in Myanmar, frequent landslides occurred, leading local miners to take a break. It is expected that normal mining operations will resume in September.

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