SMM, 22 Oct:

Today, a number of rare earth products prices down, praseodymium oxide prices down to 35-360000 yuan / ton, praseodymium oxide neodymium oxide and neodymium oxide briefly maintain stability. In terms of medium and heavy rare earths, the prices of dysprosium oxide, terbium oxide, gadolinium oxide and holmium oxide were reduced to 165-1.68 million yuan / ton, 365-3.68 million yuan / ton, 16.5-170000 yuan / ton and 35.5-360000 yuan / ton, respectively. The reduction of medium and heavy rare earth products is mainly due to the fact that some traders and small factories actually have low price sources, and there are cases of low price transactions in the recent receiving market of large factories. In terms of light rare earths, transactions such as praseodymium and neodymium oxide remain generally weak today, and downstream businesses purchase on demand. It is expected that light rare earths may remain weak in the short term.

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