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Rare Earth Prices Declined Slightly amid the Increased Willingness of Traders to Ship
May 19, 2022 15:37CST
Source:SMM
The mainstream transaction price of praseodymium-neodymium oxide today declined slightly to 930,000-940,000 yuan/mt , and the mainstream transaction price of praseodymium neodymium alloy declined to1.13-1.14 million yuan/mt.

SHANGHAI, May 19 (SMM) - The mainstream transaction price of praseodymium-neodymium oxide today declined slightly to 930,000-940,000 yuan/mt , and the mainstream transaction price of praseodymium neodymium alloy declined to1.13-1.14 million yuan/mt.

Recently, the prices of mainstream rare earth products rose continuously, and the negotiation in the market was still good, but the overall transaction was limited duet to the rising price of raw materials and the low high-priced goods-accepting capacity of downstream magnetic material factories. Today, it is heard that traders in the market were more willing to ship, hence the mainstream transaction prices of praseodymium and neodymium products fell slightly while the quotations of manufacturers were still firm.

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