SunSirs: On February 20th, Prices of Some Domestic Praseodymium Neodymium Series Products Declined
February 21 2024 14:10:08 SunSirs (John)
Price trend
On February 20th, some prices in the domestic light rare earth market declined. The price of metal praseodymium neodymium decreased by 5,000 RMB/ton to 495,000 RMB/ton, the price of praseodymium neodymium oxide decreased by 5,000 RMB/ton to 392,500 RMB/ton, the price of neodymium oxide decreased by 5,000 RMB/ton to 400,000 RMB/ton, the price of metal neodymium was 517,500 RMB/ton, the price of metallic praseodymium was 550,000 RMB/ton, and the price of praseodymium oxide was 407,500 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 slightly decrease in the future.
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