Pr-Nd prices declined amid increased supply

This week, the price of Pr-Nd oxide showed a slight decline overall. The mainstream price of Pr-Nd oxide decreased from last Thursday's 360,000-361,000 yuan/mt to this Thursday's 359,000-360,000 yuan/mt, a decrease of about 1.1% WoW. The price of Pr-Nd alloy dropped from last Thursday's 448,000-450,000 yuan/mt to this Thursday's 443,000-444,000 yuan/mt, a decrease of about 1.2% WoW.

Recently, China Northern Rare Earth has been selling Pr-Nd alloy in the market, increasing the supply of Pr-Nd alloy in the market. Therefore, the price of Pr-Nd declined.