China Northern Rare Earth lowers Apr listed prices of light rare earth

Published: Apr 11, 2019 15:19

Save

The adjustment lowered the listed price of praseodymium-neodymium oxide to 293,700 yuan/mt, down 7.2%

SHANGHAI, Apr 11 (SMM) – State-owned mining company China Northern Rare Earth (Group) lowered listed prices of light rare earth products for April, including praseodymium-neodymium oxide and praseodymium-neodymium metal, by over 7% from March, according to a notice on the company's website on Thursday April 11.

This came after lower VATs and sufficient supplies weighed on prices of light rare earth in China’s spot market.

The adjustment lowered the listed price of praseodymium-neodymium oxide to 293,700 yuan/mt, down 7.2% on the month, and that of praseodymium-neodymium metal to 370,000 yuan/mt, down 7.5% from March.

Listed prices of neodymium oxide also dropped 7.2%, to stand at 295,700 yuan/mt for April, and that of neodymium metal lost 7.5%, to 370,000 yuan/mt.

Prices of lanthanum oxide and cerium oxide remained flat from March, standing at 13,500 yuan/mt for April.

Market commentary Rare earth

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

Mar 5, 2026 15:35

Lindian Resources Acquires 51% Stake in Kazakhstan Rare Earth Processing Plant

According to foreign media reports, ASX-listed Lindian Resources signed a binding agreement to acquire a 51% equity stake in the Sareco Mixed Rare Earth Carbonatite (MREC) processing plant in Kazakhstan. The plant was previously operated by a joint venture between Japan’s Sumitomo Corporation and Kazakhstan’s national atomic energy company, Kazatomprom, and will now be jointly operated by Lindian (51%) and its domestic joint-venture partner, the RA Group (49%). The acquisition will upgrade Lindian’s business from rare earth concentrate production to higher-value MREC production, significantly improving its economic returns.

Mar 5, 2026 15:35

Mar 5, 2026 14:58

Rare Earth Prices Pulled Back, with Strong Wait-and-See Sentiment Downstream [SMM Rare Earth Weekly Review]

[SMM Rare Earth Weekly Review: Rare Earth Prices Pulled Back, Strong Wait-and-See Sentiment Downstream] Affected by news-related factors, the Pr-Nd oxide market saw heightened wait-and-see sentiment among downstream metal plants, and some traders proactively cut prices to boost shipments. As of today, Pr-Nd oxide prices had pulled back to 845,000-850,000 yuan/mt.

Mar 5, 2026 14:58

Mar 5, 2026 09:16

Japan and India in Talks to Explore Rare Earth Minerals in Rajasthan, Tech Support Expected

Japan is currently in talks with India on jointly exploring rare earth mineral deposits in Rajasthan. The Japanese government intends to dispatch experts to the site and is expected to provide mining technology support to Rajasthan.

Mar 5, 2026 09:16