Price trend

On December 5th, the domestic light rare earth market prices declined, with the price of praseodymium neodymium metal at 510,000 RMB/ton, praseodymium neodymium oxide price declining 2,500 RMB/ton to 412,500 RMB/ton, neodymium oxide price declining 2,500 RMB/ton to 425,000 RMB/ton, neodymium metal price at 540,000 RMB/ton, praseodymium metal price at 572,500 RMB/ton, and praseodymium oxide price declining 2,500 RMB/ton to 432,500 RMB/ton.

Market outlook

The domestic price trend of light rare earths has declined, with normal on-site sales and average downstream procurement. It is expected that prices will mainly fluctuate in the later period.

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