China Northern Rare Earth: cerium oxide price increased by 16.92% month-on-month

On March 1, China Northern Rare Earth (Group) High-Tech Co. released the prices of rare earth products in March 2024. The prices of many rare earth products fell month-on-month, while the price of cerium oxide increased month-on-month. Lanthanum oxide was quoted at 4,100 yuan/ton, the same as February 2024; cerium oxide was quoted at 7,600 yuan/ton, an increase of 16.92% from February 2024. PrNd oxide was quoted at 365,700 yuan/ton, down 9.68% from February 2024; neodymium oxide was quoted at 374,000 yuan/ton, down 9.49% from February 2024; PrNd alloy was quoted at 455,000 yuan/ton, down 9.36% compared with February 2024; neodymium metal was reported at 465,000 yuan/ton, down 9.18% from February 2024.