Trend of Rare Earth Price in August 2023

一、Rare earth price index

                                                  Trend Chart of Rare Earth Price Index for August 2023

In August, the rare earth price index showed a slow upward trend as a whole. The average price index this month is 209.2 points. The highest price index was 217.0 at the end of August, and the lowest was 202.9 on August 1. The difference between high and low points is 14.1 points, and the fluctuation range is 6.7%.

二、Mid-yttrium rich-selling ore

The average price of yttrium-rich europium ore in August was 220,000 yuan/ton, up 4.9% from the previous month.

三、Major rare earth products

(一）Light rare earth

In August, the average price of praseodymium neodymium oxide was 483,900 yuan/ton, up 6.8% from the previous month. The average price of metal praseodymium and neodymium was 593,600 yuan/ton, up 6.9% from the previous month.

             Price trend of praseodymium neodymium oxide and praseodymium neodymium metal in August 2023

In August, the average price of neodymium oxide was 495,000 yuan/ton, up 5.7% from the previous month. The average price of metallic neodymium was 599,600 yuan/ton, up 5.5% from the previous month.

                        Price trend of neodymium oxide and metallic neodymium in August 2023

In August, the average price of praseodymium oxide was 494,000 yuan/ton, up 5.2% from the previous month. The price of 99.9% lanthanum oxide was RMB 5,000/ton, which was the same as last month. The average price of 99.99% Europium Oxide was 198,000 yuan/ton, which was the same as last month.

(二）Heavy rare earth

In August, the average price of dysprosium oxide was 2,375,700 yuan/ton, up 9.1% from the previous month. The average price of dysprosium iron was 2,282,600 yuan/ton, up 8.2% from the previous month.

                                                    Price trend of dysprosium oxide and dysprosium iron in August 2023

In August, the average price of 99.99% terbium oxide was 7,476,100 yuan/ton, up 2.0% from the previous month. The average price of metal terbium was 9,465,400 yuan/ton, up 1.3% from the previous month.

           Price trend of terbium oxide and  terbium metal in August 2023

In August, the average price of holmium oxide was 577,000 yuan/ton, up 5.2% from the previous month. The average price of holmium iron was 582,200 yuan/ton, up 3.5% from the previous month.

             Price trend of holmium oxide and holmium iron in August 2023

In August, the average price of 99.999% yttrium oxide was 47,200 yuan/ton, down 2.5% from the previous month. The average price of Erbium Oxide was 268,000 yuan/ton, up 2.8% from the previous month.