Price trend

On April 24th, the domestic light rare earth market prices declined, with the price of praseodymium neodymium metal dropping by 2,500 RMB/ton to 517,500 RMB/ton, praseodymium neodymium oxide falling by 2,500 RMB/ton to 410,000 RMB/ton, neodymium oxide falling by 5,000 RMB/ton to 437,500 RMB/ton, neodymium metal falling by 5,000 RMB/ton to 540,000 RMB/ton, praseodymium metal falling by 562,500 RMB/ton, and praseodymium oxide falling by 437,500 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 and decline in the later period.

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