SHANGHAI, Apr 4 (SMM) – Adequate supplies and lower value-added taxes (VATs) from April 1 lowered prices of light rare earth products in the week to Thursday April 4.
As of April 4, prices of lanthanum oxide and cerium oxide lost some 300 yuan/mt week on week, to stand at 12,200-12,700 yuan/mt, SMM assessed. Prices of praseodymium-neodymium oxide fell to 276,000-280,000 yuan/mt as of Thursday, compared with 285,000-290,000 yuan/mt on Friday March 29.
Downstream consumers demanded lower offers as they expected VAT cuts to reduce costs of light rare earth. Prices of medium-to-heavy rare earth, however, held steady amid supply shortage woes, which may linger in the short run.
SMM expects further downside room in prices of light rare earth products next week.
![Los precios de las tierras raras muestran un comportamiento mixto; las transacciones del mercado avanzan lentamente [Informe diario de tierras raras de SMM]](https://imgqn.smm.cn/usercenter/ecUwF20251217171745.jpg)
![[Resumen de la reunión matutina de tierras raras de SMM] La licitación de praseodimio-neodimio se recupera, la caída del precio del terbio se profundiza](https://imgqn.smm.cn/usercenter/vpWKL20251217171743.jpeg)
![Bao Gang United Steel y China Northern Rare Earth: los precios de transacción de concentrados de tierras raras del cuarto trimestre suben ligeramente respecto al trimestre anterior; ¿cómo evolucionará el mercado en adelante? [Comentario de SMM]](https://imgqn.smm.cn/usercenter/FHiZE20251217171722.jpeg)
