SunSirs: The Price Trend of Praseodymium Neodymium Series in China Rose on August 19th

https://www.chemnet.com   Aug 20,2024 SunSirs

Price trend

On August 19th, the domestic light rare earth market prices rose. The price of praseodymium neodymium metal increased by 2,500 RMB/ton to 482,500 RMB/ton, praseodymium neodymium oxide price increased by 2,500 RMB/ton to 392,500 RMB/ton, neodymium oxide price increased by 5,000 RMB/ton to 400,000 RMB/ton, neodymium metal price was 495,000 RMB/ton, praseodymium metal price was 502,500 RMB/ton, and praseodymium oxide price increased by 5,000 RMB/ton to 397,500 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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