Prices of rare earth stable, likely to stay rangebound

SHANGHAI, Mar 22 (SMM) – Prices of rare earths overcame downward momentum to hold stable in the week of March 19, SMM learned.

With buyers keen on praseodymium-neodymium oxide, cargoes were hardly seen below 345,000 yuan/mt. 

The market is expected to remain rangebound, given little guidance from policies.

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