Price trend

On August 1st, the domestic light rare earth market prices rose, with the price of praseodymium neodymium metal rising by 2,500 RMB/ton to 457,500 RMB/ton, praseodymium neodymium oxide rising by 5,000 RMB/ton to 375,000 RMB/ton, neodymium oxide rising by 2,500 RMB/ton to 377,500 RMB/ton, neodymium metal rising by 5,000 RMB/ton to 472,500 RMB/ton, praseodymium metal rising by 49.25 RMB/ton, and praseodymium oxide rising by 377,500 RMB/ton.

Market outlook

The prices of domestic light rare earths had risen, with normal on-site sales and average downstream procurement. It is expected that domestic light rare earth prices will mainly rise in the later stage.

If you have any questions, please feel free to contact SunSirs with support@SunSirs.com.