Price trend

On December 18th, some prices in the domestic light rare earth market declined. The price of praseodymium neodymium metal was 505,000 RMB/ton, the price of praseodymium neodymium oxide decreased by 2,500 RMB/ton to 407,500 RMB/ton, the price of neodymium oxide decreased by 5,000 RMB/ton to 420,000 RMB/ton, the price of neodymium metal decreased by 2,500 RMB/ton to 530,000 RMB/ton, the price of praseodymium metal was 562,500 RMB/ton, and the price of praseodymium oxide was 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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