With the rapid development of global high-end manufacturing, new energy and defense industries, the importance of the rare earth industry chain has been continuously increasing. To meet the market's demand for transparent price signals and reliable market information, Argus (Argus) has recently officially launched three new price assessments for Chinese rare earths, covering two key rare earth metals - erbium and scandium. This further improves Argus's price system in the rare earth sector.
The newly launched price assessments include the domestic factory price and export FOB price of scandium oxide, and on the basis of the existing domestic factory price, the FOB export price of erbium oxide has been introduced: Scandium oxide min 99.99% fob China; Scandium oxide min 99.99% ex-works China; Erbium oxide min 99.5% fob China.
Erbium and scandium are widely used in key fields such as aerospace, optical fiber communication, advanced alloys, lasers and defense equipment. In recent years, with the development of artificial intelligence, data centers, low-altitude economy and high-end manufacturing industries, the downstream demand has continued to grow, driving the market's increasing attention to the price information of related raw materials.
This assessment launch comes at a time when the global market is highly concerned about the supply security of key minerals. Due to geopolitical policies, the supply of some rare earths in overseas markets has tightened, and the demand for strategic materials such as erbium and scandium in regions like Europe and the United States has significantly increased. The market's demand for independent, transparent and timely price references has become increasingly urgent.
As an independent international energy and commodity price assessment agency, Argus has been deeply involved in the rare earth market for over 20 years and has established a price assessment system covering main rare earth products such as praseodymium, neodymium, dysprosium, terbium and yttrium. The newly added erbium and scandium price assessments will further expand Argus's rare earth price portfolio and provide producers, traders, end-users and financial institutions with more comprehensive market benchmarks and decision support.
In the future, Argus will continue to keep up with the global trends of key mineral industry development, continuously deepen the coverage of the rare earth and new energy materials market, and provide customers with more transparent, reliable and forward-looking market information services.
