The stable Q3 rare earth concentrate prices released by China Northern Rare Earth boosted the confidence of traders for future Pr-Nd prices

Jul 12, 2024 18:34

Source:SMM

This week, Pr-Nd oxide prices saw a slight increase overall.

This week, Pr-Nd oxide prices saw a slight increase overall. During the week, the mainstream prices of Pr-Nd oxide rose from 360,000-361,000 yuan/mt last Thursday to 363,000-365,000 yuan/mt this Thursday, an increase of about 1% WoW. Pr-Nd alloy prices increased from 445,000-448,000 yuan/mt last Thursday to 448,000-450,000 yuan/mt this Thursday.

With the reduction in rare earth ore shipments and the stable Q3 rare earth concentrate prices released by China Northern Rare Earth, some traders became more confident in the future Pr-Nd prices. It is expected that Pr-Nd prices will continue to remain stable in the short term.

Market forecast

Market review

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Privacy Policy Compliance Centre SMM Credit Service Contact Us About Us Terms & Conditions Sitemap Holiday Pricing Schedule

Notice: By accessing this site you agree that you will not copy or reproduce any part of its contents (including, but not limited to, single prices, graphs or news content) in any form or for any purpose whatsoever without the prior written consent of the publisher.

The stable Q3 rare earth concentrate prices released by China Northern Rare Earth boosted the confidence of traders for future Pr-Nd prices

SMM Events & Webinars

NET ZERO CHINA Field Trip

SMM Indonesia Seminar: Li-ion Battery & Energy Storage

2025 ASIA BATTERY MATERIAL COOPERATION SALON