In November 2024, the production of dysprosium oxide and terbium oxide increased MoM, while the production of gadolinium oxide continued to decline MoM. The production of holmium oxide also continued to grow slightly MoM.
According to the SMM survey, driven by the demand from major manufacturers and market news, the production of dysprosium oxide and terbium oxide increased MoM. The market demand for gadolinium oxide remained weak, and some separation enterprises adjusted their operating rates for gadolinium oxide downward in response to the market. It is understood that the ion-adsorption ore in the Panwa area has not yet resumed normal exports to China, and some miners indicated that this situation might continue until the Chinese New Year. However, due to the ample inventory of ion-adsorption ore in domestic separation plants, the production of medium-heavy rare earth oxides has not been affected.
