It is reported that the price of heavy rare earths has been raised again, according to the guidance price for listing this week released by China Southern rare earth today (December 4). Compared with the previous quotation, gadolinium oxide offered 158000 yuan per ton (the same below), up 1000 yuan; holmium oxide offered 305000 yuan per ton, up 5000 yuan.
Analysts at Redway metal said the rise in heavy rare earth prices was also supported by deals. Although praseodymium, neodymium and other light rare earths followed the increase in price, the reason for the increase in price was not the improvement of supply, and the downstream procurement temperature was still not high. Praseodymium and neodymium enterprises raised their prices more because of cost pressure.