On October 24th, some prices in the domestic light rare earth market decreased. The price of metal praseodymium neodymium decreased by 2500 RMB/ton to 640000 RMB/ton, the price of praseodymium neodymium oxide decreased by 2500 RMB/ton to 520000 RMB/ton, the price of neodymium oxide decreased by 5000 RMB/ton to 525000 RMB/ton, the price of metal neodymium decreased by 5000 RMB/ton to 662500 RMB/ton, the price of metal praseodymium decreased by 10000 RMB/ton to 675000 RMB/ton, and the price of praseodymium oxide decreased by 5000 RMB/ton to 527500 RMB/ton.

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

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