In July 2024, domestic production of dysprosium oxide was 226 mt, up 5.7% MoM, with the main increase reflected in Jiangxi and Inner Mongolia. Domestic production of terbium oxide was 42 mt, up 3% MoM, with the main increase reflected in Jiangxi and Fujian. Domestic production of gadolinium oxide was 317.5 mt, up 7% MoM, with the main increase reflected in Jiangsu and Jiangxi. Domestic production of holmium oxide was 49.1 mt, up 16% MoM, with the main increase also reflected in Fujian and Jiangxi.
According to SMM, in July, the supply of dysprosium and terbium was relatively large, and some producers were eager to sell-off for cash, leading to a rapid decline in the prices of dysprosium and terbium products in the first half of July. Currently, the supply of rare earth mines in Myanmar has not yet resumed, and most sellers are mainly selling previous inventories. According to some industry insiders, Myanmar's rare earth mines will resume production in mid-September. It is expected that the production of medium-heavy rare earth oxides in August will fluctuate less compared to July.
