The price trend of rare earths on August 29, 2023

Today’s market intelligence sharing

Today, the domestic rare earth market fluctuates little as a whole, and terbium oxide and dysprosium oxide are slightly adjusted. In the short term, it is mainly based on stability, supplemented by a small rebound. Recently, China decided to implement import control on gallium and germanium-related products, which may also have a certain impact on the downstream market of rare earths. Because permanent magnets made of NdFeB are key components in electric vehicle motors, wind turbines and other clean energy applications in the production of permanent magnets for electric vehicles and renewable energy technologies, it is expected that the prospects of the rare earth market in the later period will be very optimistic.