Pr-Nd oxide prices remained strong

This week, the price trend of Pr-Nd oxide continued to be strong. The mainstream prices of Pr-Nd oxide increased from 420,000-423,000 yuan/mt last Thursday to 426,000-429,000 yuan/mt this Thursday, an increase of approximately 6.2%. The price of Pr-Nd alloy also continued to rise this week, increasing from 494,000-498,000 yuan/mt last Thursday to 528,000-531,000 yuan/mt this Thursday, an increase of approximately 6.8%.

This week, major magnetic material factories continued to tender, driving up the demand for Pr-Nd alloy in the market. The quotations from holders increased rapidly, low-priced sources tightened quickly, and the actual transaction prices of Pr-Nd also increased accordingly.