Price trend

On February 7th, the domestic light rare earth market prices rose, with the price of praseodymium neodymium metal rising by 2,500 RMB/ton to 530,000 RMB/ton, praseodymium neodymium oxide rising by 5,000 RMB/ton to 427,500 RMB/ton, neodymium oxide rising by 2,500 RMB/ton to 440,000 RMB/ton, neodymium metal rising by 2,500 RMB/ton to 552,500 RMB/ton, the price of praseodymium metal was 567,500 RMB/ton, and praseodymium oxide rising by 2,500 RMB/ton to 440,000 RMB/ton.

Market outlook

The domestic price trend of light rare earths has risen, with normal sales in the market and average downstream procurement. It is expected that the domestic price of light rare earths will mainly fluctuate and rise in the later period.

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