SMM, 23 Oct:
Today, the price of rare earth products is lowered again, praseodymium and neodymium oxide 30-305000 yuan / ton, neodymium oxide 30.2-307000 yuan / ton, dysprosium oxide 163-1.66 million yuan / ton, terbium oxide 363-3.66 million yuan / ton, gadolinium oxide 16-165000 yuan / ton, erbium oxide 16.8-173000 yuan / ton, holmium oxide 35-355000 yuan / ton. The main reason for the decline in rare earth prices is still due to weak demand downstream, the market gradually appeared on the low price source, market confidence wavered obviously, downstream businesses have a lower willingness to purchase on demand, and some small factories and traders in the upper reaches ship actively, which leads to a significant decline in rare earth prices.
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