Domestic Rare Earth Market Keeping Decline

SHANGHAI, Nov.20 (SMM)－It is learned that some products of domestic rare earth market keeps decline. On Monday PR-ND Oxide is said to be offered at over 350,000 yuan per tonne, which is not the mainstream price in the market but offer of some small plants eager to recoup funds. Some insiders also say there is transaction of terbia at price of less than 3 million yuan per tonne. Overall speaking, some enterprises face problems of tightened funds at the year-end, which suppresses the rare earth price.

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