China Northern Rare Earth Group kept November rare earth product listing prices unchanged MoM

On November 1st, Northern Rare Earth Group announced the listing prices for its rare earth products for November 2023, with prices remaining steady MoM. The prices for Lanthanum Oxide and Cerium Oxide are listed at 9,800 yuan/mt, unchanged from October 2023. Pr-Nd Oxide is priced at 493,400 yuan/mt, consistent with the price in October 2023. Neodymium Oxide is listed at 501,700 yuan/mt, maintaining its October 2023 price. The price for Pr-Nd Alloy is 608,000 yuan/mt, identical to its October 2023 price. Lastly, neodymium metal is priced at 618,000 yuan/mt, holding steady from October 2023.

Following the announcement of the listing prices, Pr-Nd oxide price of has largely remained stable. Both separation and metal plants have maintained firm quotations. The market inquiry situation remains steady as well, with the majority of practitioners anticipating a stable outlook for Pr-Nd oxide prices in the future market.