China Southern Rare Earth holds prices of rare-earth oxides stable

SHANGHAI, Jun 25 (SMM) – China Southern Rare Earth Group, one of the six, large, rare earth groups in China, held its quotes for most medium, heavy rare-earth oxides unchanged from last week, according to prices it published on Tuesday June 25.

Quotes for dysprosium oxide remained unchanged at 2.05 million yuan/mt, up 71% for the year. Terbium oxide was quoted for 4.2 million yuan/mt, and gained 42% for the year.

Quotes for gadolinium oxide declined 20,000 yuan/mt from a week ago to 210,000 yuan/mt, while that for yttrium oxide inched up 2,000 yuan/mt to 22,000 yuan/mt.

SMM assessments showed that spot prices of rare-earth oxides held steady last week. Prices of dysprosium oxide held stable at 1.98-2.02 million yuan/mt as of Friday June 21, while prices of terbium oxide retreated to 4.15-4.2 million yuan/mt, after they climbed to a high of 4.2-4.25 million yuan/mt on June 18.