The price of Pr-Nd products may gradually stabilise with cost support, while that of dysprosium and terbium products may continue to decline amid weak demand

This week, rare earth prices remained weak. The price fluctuation of Pr-Nd was smaller, while the price decline of dysprosium and terbium was larger. As major producers showed a strong willingness to sell rare earth metals, the market confidence was hit and more traders sold off, leading to a continuous decline in transaction prices of rare earth oxide.

Supported by costs, the price of Pr-Nd products is expected to gradually stabilise. Due to weak demand and low-price sell-offs by sellers, the prices of dysprosium and terbium products are expected to further decline in the short term.