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SunSirs: On November 23rd, the Price Trend of Praseodymium Neodymium Series in China Declined

November 24 2023 13:56:12     SunSirs (John)

Price trend

On November 23rd, the price trend of the domestic light rare earth market declined. The price of metal praseodymium neodymium was 602,500 RMB/ton, the price of praseodymium neodymium oxide was 495,000 RMB/ton, the price of neodymium oxide decreased by 15,000 RMB/ton to 497,500 RMB/ton, the price of metal neodymium decreased by 17,500 RMB/ton to 625,000 RMB/ton, the price of metal praseodymium decreased by 20,000 RMB/ton to 635,000 RMB/ton, and the price of praseodymium oxide decreased by 15,000 RMB/ton to 497,500 RMB/ton.

Market outlook

The prices of light rare earths in China had decreased, with normal on-site sales and average downstream procurement. It is expected that prices will mainly decline in the future.

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