Price trend
On June 19th, the domestic light rare earth market prices declined, with metal praseodymium neodymium prices falling by 5,000 RMB/ton to 450,000 RMB/ton, praseodymium neodymium oxide prices falling by 7,500 RMB/ton to 360,000 RMB/ton, neodymium oxide prices falling by 5,000 RMB/ton to 3,675,000 RMB/ton, metal neodymium prices falling by 5,000 RMB/ton to 470,000 RMB/ton, metal praseodymium prices falling by 10000 RMB/ton to 49.25 RMB/ton, and praseodymium oxide prices falling by 5,000 RMB/ton to 37,250,000 RMB/ton.
Market outlook
The domestic price trend of light rare earths had declined, with average on-site sales and average downstream procurement. It is expected that the price will mainly fluctuate in the later period.
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