In October 2024, the production of dysprosium oxide and terbium oxide remained stable MoM, while the production of gadolinium oxide decreased by 3% MoM, and the production of holmium oxide increased slightly by 2% MoM.
According to the SMM survey, although the import of Myanmar ion-adsorption ore was halted in October due to the war in Myanmar, the domestic inventory of ion-adsorption ore remained sufficient due to the large import volume in the previous period. As a result, separation plants did not face a shortage of raw materials, and production remained stable. The demand for gadolinium iron downstream was poor, leading to a relatively weak market for gadolinium oxide, with the main reduction in production occurring in Jiangxi.
