SMM8 14 / 14 / PRNewswire-FirstCall-Asianet /-
Today, the spot market price of rare earths fell, with dysprosium oxide down to 193-1.95 million yuan / ton, terbium oxide to 394-3.98 million yuan / ton, praseodymium and neodymium oxide to 30-305000 yuan / ton, and neodymium oxide falling to 30.2-307000 yuan / ton. Due to the lack of improvement in downstream demand, the prices of mainstream rare earth products have declined, and there is a low-priced supply of rare earths in the rare earth market. Coupled with the good news of Sino-US trade yesterday, confidence in the rare earth market was thwarted, and most stocks in rare earth industries such as Minmetals rare earths and Jinli permanent magnets jumped low. In terms of medium and heavy rare earths, the market is still promising due to the shortage of raw materials. Praseodymium neodymium oxide and other light rare earths, if there is no news boost, its prices are expected to be under pressure in the short term.