Price trend

On February 24th, the domestic light rare earth market prices rose, with the price of praseodymium neodymium metal rising by 5,000 RMB/ton to 557,500 RMB/ton, praseodymium neodymium oxide rising by 7,500 RMB/ton to 450,000 RMB/ton, neodymium oxide rising by 5,000 RMB/ton to 467,500 RMB/ton, neodymium metal rising by 5,000 RMB/ton to 582,500 RMB/ton, praseodymium metal rising by 5,000 RMB/ton to 597,500 RMB/ton, and praseodymium oxide rising by 5,000 RMB/ton to 467,500 RMB/ton.

Market outlook

The domestic price trend of light rare earths was rising, with normal sales in the market and average downstream procurement. It is expected that price fluctuations will be the main trend in the later period.

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