China Northern Rare Earth slashed its listed price for PrNd oxide by 10%

SHANGHAI, Nov 12 (SMM) – China Northern Rare Earth (Group) High-tech has sharply slashed its listed prices for praseodymium-neodymium products.

According to a notice on the company's website released on Tuesday November 12, the Baotou-based rare earths supplier will sell praseodymium-neodymium oxide at 320,000 yuan/mt, tax-included and ex-factory, in the coming month, down 9.9% from the previous month.

Listed price for neodymium oxide dropped 9.8% to 322,000 mt, and the prices for praseodymium-neodymium and neodymium metal both slipped 8% to 400,000 yuan/mt.

The company held its listed prices for lanthanum and cerium oxides both unchanged at 13,000 yuan/mt.