Rare Earth Market Falls into Wait-and-See Attitude

Published: Sep 6, 2017 11:26

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Major rare earth producers and traders raised offers to closer to listed prices of products released Monday by Baotou Steel Rare-Earth International Trading.

SHANGHAI, Sept. 5 (SMM) – Major rare earth producers and traders raised offers to closer to listed prices of products released Monday by Baotou Steel Rare-Earth International Trading.

Currently, price for didymium oxide was mainly about 500,000-520,000 yuan per tonne, and that of praseodymium-neodymium alloy was at 630,000-680,000 yuan per tonne.

In recent days, rare earth downstream producers showed low buying interest and mainly took a wait-and-see stance, with sparse offers and transactions heard.

On Wednesday, prices of rare earth oxides held largely stable, waiting for further market direction.

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