SunSirs: The Prices of Some Praseodymium Neodymium Products in China Increased on August 5th

https://www.chemnet.com   Aug 06,2024 SunSirs

Price trend

On August 5th, some prices in the domestic light rare earth market rose, with the price of praseodymium neodymium metal increasing by 2,500 RMB/ton to 460,000 RMB/ton. The price of praseodymium neodymium oxide was 375,000 RMB/ton, the price of neodymium oxide was 377,500 RMB/ton, the price of neodymium metal was 472,500 RMB/ton, the price of praseodymium metal was 492,500 RMB/ton, and the price of praseodymium oxide was 377,500 RMB/ton.

Market outlook

The domestic price trend of light rare earths was temporarily stable, with normal on-site sales and average downstream procurement. It is expected that prices will mainly rise in the later period.

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