SunSirs: On August 1st, the price trend of praseodymium neodymium products in China increased

https://www.chemnet.com   Aug 02,2024 SunSirs

Price trend

On August 1st, the domestic light rare earth market prices rose, with the price of praseodymium neodymium metal rising by 2,500 RMB/ton to 457,500 RMB/ton, praseodymium neodymium oxide rising by 5,000 RMB/ton to 375,000 RMB/ton, neodymium oxide rising by 2,500 RMB/ton to 377,500 RMB/ton, neodymium metal rising by 5,000 RMB/ton to 472,500 RMB/ton, praseodymium metal rising by 49.25 RMB/ton, and praseodymium oxide rising by 377,500 RMB/ton.

Market outlook

The prices of domestic light rare earths had risen, with normal on-site sales and average downstream procurement. It is expected that domestic light rare earth prices will mainly rise in the later stage.

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