Price trend
On February 11th, some prices in the domestic light rare earth market declined. The price of praseodymium neodymium metal was 545,000 RMB/ton, praseodymium neodymium oxide price decreased by 5,000 RMB/ton to 435,000 RMB/ton, neodymium oxide price decreased by 2,500 RMB/ton to 455,000 RMB/ton, metal neodymium price was 570,000 RMB/ton, metal praseodymium price was 577,500 RMB/ton, and praseodymium oxide price was 452,500 RMB/ton.
Market outlook
The prices of domestic light rare earths have declined, with normal on-site sales and average downstream procurement. It is expected that the prices of domestic light rare earths will mainly fluctuate in the later stage.
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