Rare earth prices extend increases, consumers remain cautious

Published: Jun 13, 2019 18:48

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Cautious sentiment kept downstream consumers purchasing as required, despite stockpiling in magnet materials

SHANGHAI, Jun 13 (SMM) – Spot prices of some rare earth products continued to hike on Thursday June 13, SMM assessed. Cautious sentiment kept downstream consumers purchasing as required, despite stockpiling in the downstream magnet materials sector.

As of Thursday June 13, prices of praseodymium-neodymium oxide climbed to 355,000-362,000 yuan/mt, up an average 1,000 yuan/mt from the previous day.

Prices of neodymium oxide increased an average 7,000 yuan/mt on the day, to 362,000-367,000 yuan/mt, and prices of erbium oxide expanded 15,000 yuan/mt, to stand at 185,000-190,000 yuan/mt.

Market commentary Rare earth

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