The uptrend of praseodymium and neodymium market is rising and falling this week [SMM Weekly Review]

Published: Oct 30, 2021 15:55

Source: SMM

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SMM10 March 29: praseodymium-neodymium products prices soared this week, praseodymium-neodymium oxide spot prices rose from 670000 yuan / ton on Monday to 73-740000 yuan / ton on Thursday, and then fell back to 715000 yuan / ton on Friday. The cash transaction price of praseodymium-neodymium metal also rose from 800000 yuan / ton on Monday to 860,000 yuan / ton on Thursday, and fell with the praseodymium-neodymium oxide market on Friday. Due to the strong fear of heights in the market, the mainstream separation plants and metal factories are cautious in their quotation attitude and do not take the initiative to make external quotations, mainly for long order supply to fixed customers.

Today, the auction price of four batches of praseodymium and neodymium metal starts at 870500 yuan / ton. At the end of the month, the price of praseodymium-neodymium products has been at an all-time high since 2012, coupled with traders' fear of high shipments, praseodymium-neodymium oxide, praseodymium-neodymium metal shipments are active and transactions are rare, praseodymium-neodymium product prices have been adjusted back, and the mainstream trading price of praseodymium-neodymium oxide has fallen to 715000 yuan /

In terms of medium and heavy rare earth oxides, terbium oxide is mainly in the above line this week, and the overall trading situation is not as good as that of praseodymium-neodymium products. This week's trading volume is affected by spot inventory, and spot transactions are rare. As of Friday, the mainstream price of terbium oxide is 10 million yuan / ton; dysprosium oxide market has fallen back this week, showing an upward trend as a whole, the price has been adjusted back from 2.89 million yuan / ton to 2.86 million yuan / ton this Friday. Gadolinium oxide active inquiry this week, separation plant to supply long orders, spot rare, this Friday gadolinium oxide mainstream offer 33-335000 yuan / ton; erbium oxide mainstream transaction price of 34-350000 yuan / ton, a small amount of market transactions at 360000 yuan / ton, spot hard to find.

Praseodymium neodymium mining

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