SunSirs: The Price Trend of Praseodymium Neodymium Series in China Rose on September 2nd
September 03 2024 14:45:44 SunSirs (John)
Price trend
On September 2nd, the domestic light rare earth market prices rose, with the price of praseodymium neodymium metal rising by 7,500 RMB/ton to 512,500 RMB/ton, praseodymium neodymium oxide rising by 5,000 RMB/ton to 415,000 RMB/ton, neodymium oxide rising by 5,000 RMB/ton to 422,500 RMB/ton, neodymium metal rising by 10,000 RMB/ton to 525,000 RMB/ton, praseodymium metal rising by 5,000 RMB/ton to 52.5 RMB/ton, and praseodymium oxide rising by 5,000 RMB/ton to 420,000 RMB/ton.
Market outlook
The price trend of domestic light rare earths had risen, with normal sales in the market and average downstream procurement. It is expected that the domestic light rare earth market prices will mainly rise in the later stage.
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