Decline in Rare Earth Oxide Prices Slow Down amid Improved Inquiries

SHANGHAI, Mar 7 (SMM) - Rare earth oxide prices fell at a slower pace today after inquiries picked up. SMM expects that the prices will continue to fall, albeit at a slower pace.

Today's mainstream transaction prices in the PrNd oxide market were slightly lowered to 623,000-627,000 yuan/mt, the price of terbium oxide was lowered to 10,300-10,700 yuan/kg, the price of dysprosium oxide was slightly lowered to 1,950-1,960 yuan/kg, and the price of gadolinium oxide was also lowered to 300,000-310,000 yuan/mt.