Rare Earths Continue To Rise, And The Price Of Medium And Heavy Rare Earth Terbium Oxide Is 9.02 Million Yuan/ton

Global Organic Silicon Network, October 25th: Rare earth is an energy metal, and the downstream includes two major new energy fields: wind power and new energy vehicles. Rare earths are divided into light rare earths and heavy rare earths. The downstream of both light rare earths and heavy rare earths have rare earth permanent magnetic materials, accounting for about 60%. The downstream permanent magnetic materials mainly include traditional cars (20%), wind power (15%), and new energy vehicles. (10%), inverter air conditioner (10%), etc.

As of October 22, the price of light rare earth praseodymium oxide and neodymium oxide was 640,000 yuan/ton, the highest price this year. It has risen by 9% since the beginning of October, ending the decline from early August to early September. As of October 22, the price of medium and heavy rare earth terbium oxide was 9.02 million yuan/ton, an increase of 3% since the beginning of October, and the price of dysprosium oxide was 2.72 million yuan/ton, an increase of 1% since the beginning of October, ending September Sideways market.