Praseodymium and neodymium oxide prices at the bottom in early trading A rare earth permanent magnet plate pulled up

SMM5 June 6: this morning, rare earth permanent magnet plate change pull up, the plate rose nearly 3%. In terms of stocks, the leading steel Tianyuan, Jinli permanent magnet rose by the limit, Galactic magnet, Sheng and resources, Minmetals rare earth, Zhenghai magnetic materials rose by more than 5%.

On April 30, the rare Land Office of the Ministry of Industry and Information Technology released information that since the outbreak of the new crown epidemic, the CPC Central Committee, the State Council, relevant departments and local governments have issued a series of policies and measures to support enterprises in dealing with the epidemic situation, resuming work and resuming production, so as to help enterprises tide over the difficulties. In order to ensure that rare earth industry enterprises should know, enjoy, and further play a relevant policy role, our office commissioned China Nonferrous Metals Industry Association and China rare Earth Industry Association to sort out and summarize the policy documents suitable for rare earth enterprises to declare. Form the "rare earth industry resumption of production related support policy compilation". Please actively connect with China Nonferrous Metals Industry Association and China rare Earth Industry Association to obtain relevant policy information, accurately grasp the declaration requirements, strive for policy support, promote the smooth operation of the rare earth industry chain, and jointly promote the stable and healthy development of the industry.

According to the historical price of rare earths in SMM, the price of praseodymium and neodymium oxide has reached its lowest level since 2017. In addition, affected by the epidemic, market demand has been suppressed. With the steady progress of resumption of work and resumption of production, market demand will gradually open up.

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