China Northern Rare Earth (Group) High-Tech cut March rare earth listing prices 

Listing prices released by China Northern Rare Earth (Group) High-Tech for March took a nosedive from February. Offers for Pr-Nd oxide and neodymium oxide were 365,700 yuan/mt and 374,000 yuan/mt respectively, down 9.7% MoM and 9.5% MoM, while those for Pr-Nd alloy and neodymium metal were 455,000 yuan/mt and 465,000 yuan/mt respectively, down 9.4% MoM and 9.2% MoM.

Spot market prices also continued to fall. Spot prices of Pr-Nd products weakened. Even though long-term contract delivery tightened spot Pr-Nd oxide supply, weak buying appetites for high-priced raw materials made it difficult for rare earth prices to hike.
With low raw material stocks against prolonged rare earth price slip, metal plants mainly met their rigid demand, and some may only purchase bulk goods in 2024, which may heighten volatility of rare earth market.