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Rare earth market continued to weaken, prices of praseodymium-neodymium oxide showed signs of stabilising
Apr 27,2021 10:04CST
SMM Insight
Source:SMM
Rare earth prices were generally lower last week, with prices of many products including praseodymium-neodymium, terbium, dysprosium, and holmium down from a week ago, and transaction atmosphere cooled down significantly. Prices of praseodymium-neodymium oxide showed signs of stabilising, while prices of praseodymium-neodymium metal remained weak amid muted trades. Prices of terbium and dysprosium found no support and market participants generally hoped that large enterprises would stockpile. Prices of gadolinium and holmium diverged. Gadolinium received brisk inquiries, while holmium saw quiet trades. Prices of praseodymium were largely stable , while prices of neodymium continued to decline amid sluggish transactions.
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