Price trend

On June 4th, some prices in the domestic light rare earth market declined. The price of metal praseodymium neodymium decreased by 2,500 RMB/ton to 457,500 RMB/ton, the price of praseodymium neodymium oxide decreased by 2,500 RMB/ton to 370,000 RMB/ton, the price of neodymium oxide decreased by 2,500 RMB/ton to 380,000 RMB/ton, the price of metal neodymium was 480,000 RMB/ton, the price of metal praseodymium was 512,500 RMB/ton, and the price of praseodymium oxide was 387,500 RMB/ton.

Market outlook

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

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