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In June, domestic dysprosium oxide production was 214 mt, down 0.6% MoM, with the reduction mainly concentrated in Guangxi and Jiangsu. Terbium oxide production was 40.8 mt, flat MoM. Gadolinium oxide production was 298.9 mt, down 2% MoM, with the reduction mainly in Jiangsu and Jiangxi. Holmium oxide production was 42.9 mt, down 1% MoM, with the reduction also concentrated in Jiangsu.
According to the SMM survey, miners showed a significantly decreased willingness to sell due to sharply compressed profits, making it more difficult for separation plants to procure raw materials. As a result, some separation plants in certain regions chose to reduce production. Additionally, some miners reported that due to heavy rainfall and frequent landslides in Myanmar, local mining companies had suspended operations and are expected to resume normal mining in September.
Currently, as China Rare Earth Group shows a strong willingness to sell dysprosium-iron alloy, the supply of medium-heavy rare earth metals in the market is relatively sufficient. The prices of medium-heavy rare earth products in July are expected to remain weak.
For queries, please contact William Gu at williamgu@smm.cn
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