Price trend
On August 9th, some prices in the domestic light rare earth market increased. The price of metal praseodymium neodymium increased by 2,500 RMB/ton to 580,000 RMB/ton, the price of praseodymium neodymium oxide increased by 2,500 RMB/ton to 477,500 RMB/ton, the price of neodymium oxide increased by 2,500 RMB/ton to 490,000 RMB/ton, the price of metal neodymium increased by 7,500 RMB/ton to 610,000 RMB/ton, the price of metal praseodymium was 632,500 RMB/ton, and the price of praseodymium oxide was 492,500 RMB/ton.
Market outlook
The prices of domestic light rare earths increased, with normal on-site sales and average downstream procurement. It is expected that the price trend will mainly increase in the future.
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