Price trend

On August 8th, the domestic light rare earth market price trend remained stable, with the price of praseodymium neodymium metal at 460,000 RMB/ton, praseodymium neodymium oxide at 372,500 RMB/ton, neodymium oxide at 377,500 RMB/ton, neodymium metal at 472,500 RMB/ton, praseodymium metal at 492,500 RMB/ton, and praseodymium oxide at 377,500 RMB/ton.

Market outlook

The prices of some domestic light rare earth products haddeclined, with normal on-site sales and average downstream procurement. It is expected that the prices will mainly decrease slightly in the later period.

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