SunSirs: On October 8th, the Price of Praseodymium Neodymium Series in China Increased
October 09 2023 10:53:02 SunSirs (John)
Price trend
On October 8th, some prices in the domestic light rare earth market increased.
Analysis review
The price of metal praseodymium neodymium increased by 12,500 RMB/ton to 655,000 RMB/ton, the price of praseodymium neodymium oxide increased by 7,500 RMB/ton to 532,500 RMB/ton, the price of neodymium oxide increased by 5,000 RMB/ton to 537,500 RMB/ton, the price of metal neodymium increased by 20,000 RMB/ton to 680,000 RMB/ton, the price of metal praseodymium increased by 10,000 RMB/ton to 685,000 RMB/ton, and the price of praseodymium oxide increased by 5,000 RMB/ton to 532,500 RMB/ton.
The prices of domestic light rare earths increased, on-site sales was normal and downstream procurement was average.
Market outlook
It is expected that the price trend will mainly increase in the future.
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