Price trend

On August 24th, some prices in the domestic light rare earth market decreased. The price of metal praseodymium neodymium was 602,500 RMB/ton, the price of praseodymium neodymium oxide decreased by 7,500 RMB/ton to 492,500 RMB/ton, the price of neodymium oxide decreased by 7,500 RMB/ton to 505,000 RMB/ton, the price of metal neodymium was 625,000 RMB/ton, the price of metal praseodymium was 645,000 RMB/ton, and the price of praseodymium oxide was 507,500 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 decrease slightly in the future.

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