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SMM Analysis On China October Medium-heavy Rare Earth Production And November Forecast

iconNov 12, 2024 10:19
Source:SMM
In October 2024, the production of dysprosium oxide and terbium oxide remained stable MoM.

In October 2024, the production of dysprosium oxide and terbium oxide remained stable MoM, while the production of gadolinium oxide decreased by 3% MoM, and the production of holmium oxide increased slightly by 2% MoM.

According to the SMM survey, although the import of Myanmar ion-adsorption ore was halted in October due to the war in Myanmar, the domestic inventory of ion-adsorption ore remained sufficient due to the large import volume in the previous period. As a result, separation plants did not face a shortage of raw materials, and production remained stable. The demand for gadolinium iron downstream was poor, leading to a relatively weak market for gadolinium oxide, with the main reduction in production occurring in Jiangxi.

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