Praseodymium-neodymium oxide, gadolinium oxide and terbium oxide prices extended gains

Prices of lanthanum oxide and cerium oxide barely unchanged amid stable fundamentals, steadying around 10,000 yuan/mt, while prices of praseodymium-neodymium oxide performed well this week as producers raised prices as large-scale separation plants in Sichuan have suffered from floods recently.

Praseodymium-neodymium oxide prices stood at 347,000-352,000 yuan/mt as of August 21, rising 16,000 yuan/mt from the previous week, while praseodymium-neodymium alloy prices surged 28,000 yuan/mt on the week to 442,000-448,000 yuan/mt.

Prices of gadolinium oxide and terbium oxide maintained upward trend this week, while dysprosium oxide prices dipped on weaker demand. Rising praseodymium-neodymium oxide prices and tight supply slightly boosted gadolinium oxide prices, while active inquiries from downstream users and continued tightness in supply bolstered terbium oxide prices this week. Meanwhile, dysprosium oxide prices slid as demand weakened as downstream users kept certain raw materials inventories.

As of August 21, gadolinium oxide prices stood at 187,000-190,000 yuan/mt, up 1,000 yuan/mt on the week, terbium oxide prices at 4,950-5,000 yuan/kg, up 180 yuan/kg week on week, while dysprosium oxide prices at 1,800-1,850 yuan/kg, down 40 yuan/kg from a week ago.