The price of Pr-Nd products may gradually stabilise with cost support, while that of dysprosium and terbium products may continue to decline amid weak demand

Published: Jul 19, 2024 17:18

Source: SMM

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This week, rare earth prices remained weak.

This week, rare earth prices remained weak. The price fluctuation of Pr-Nd was smaller, while the price decline of dysprosium and terbium was larger. As major producers showed a strong willingness to sell rare earth metals, the market confidence was hit and more traders sold off, leading to a continuous decline in transaction prices of rare earth oxide.

Supported by costs, the price of Pr-Nd products is expected to gradually stabilise. Due to weak demand and low-price sell-offs by sellers, the prices of dysprosium and terbium products are expected to further decline in the short term.

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