SunSirs: The Price Trend of Praseodymium Neodymium Series in China Rose on October 8th
October 09 2024 15:01:05 SunSirs (John)
Price trend
On October 8th, the domestic light rare earth market prices rose, with the price of praseodymium neodymium metal rising by 2,500 RMB/ton to 537,500 RMB/ton, praseodymium neodymium oxide rising by 5,000 RMB/ton to 430,000 RMB/ton, neodymium oxide rising by 5,000 RMB/ton to 445,000 RMB/ton, neodymium metal rising by 7,500 RMB/ton to 550,000 RMB/ton, praseodymium metal rising by 5,000 RMB/ton to 575,000 RMB/ton, and praseodymium oxide rising by 5,000 RMB/ton to 442,500 RMB/ton.
Market outlook
Domestic prices of light rare earths had risen, with normal on-site sales and average downstream procurement. It is expected that prices will mainly fluctuate and rise in the later period.
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