[SMM rare Earth Daily Review 07.24] weak demand rare earth products prices still have room for downward

SMM7, April 24th, news:

In terms of light rare earths, the price of praseodymium and neodymium oxide continued to fall to 29-295000 yuan / ton today, the price of neodymium oxide fell to 29.2-297000 yuan / ton, and the price of praseodymium oxide also fell to 38.5-395000 yuan / ton today. In terms of medium and heavy rare earths, the price of dysprosium oxide decreased to 182-1.85 million yuan / ton, and the price of terbium oxide decreased to 394-3.97 million yuan / ton. Due to the recent weak demand, large companies cut the prices of rare earth products, the market is still low price sources. It is expected that the weak pattern of short-term demand is unlikely to improve, and there is still room for decline in the price of rare earth products in the near future.