Latest price of dysprosium oxide (August 21): 2.4 million RMB/ton, bullish in the future

Key points of analysis: Recently, due to the impact of high temperatures and rainfall, some rare earth mining enterprises have limited production, and some rare earth manufacturers have voluntarily reduced production, which has led to a decrease in spot inventory in the market. Separation plants and metal plants in the Sichuan region will have varying degrees of production reduction and shutdown behavior, and the rare earth market price trend will rise due to supply reduction. Although the checkpoint has reopened, the growth in import sources is limited, coupled with a slight increase in downstream procurement, supported by positive factors, the price trend of heavy rare earth market has increased.

Future prediction: Due to the lack of primary and renewable supply sources, dysprosium and terbium oxides will also face shortages. In addition, downstream energy-saving motors, industrial robots, wind power, variable frequency air conditioning, consumer electronics and other fields continue to develop, and it is expected that the market price of dysprosium oxide will continue to rise.

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