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SunSirs: On December 20th, Prices of Some Domestic Praseodymium Neodymium Series Products Declined

December 21 2023 14:23:30     SunSirs (John)

Price trend

On December 20th, some prices in the domestic light rare earth market declined. The price of metal praseodymium neodymium decreased by 5,000 RMB/ton to 542,500 RMB/ton, the price of praseodymium neodymium oxide was 442,500 RMB/ton, the price of neodymium oxide decreased by 5,000 RMB/ton to 447,500 RMB/ton, the price of metal neodymium decreased by 5,000 RMB/ton to 567,500 RMB/ton, the price of metal praseodymium was 600,000 RMB/ton, and the price of praseodymium oxide was 465,000 RMB/ton.

Market outlook

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

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