SMM, 24 October:
The price of rare earth products dropped again today, praseodymium and neodymium oxide to 29.5-300000 yuan / ton, dysprosium oxide to 160-1.63 million yuan / ton, terbium oxide to 360-3.63 million yuan / ton, and other medium and heavy rare earth products to different degrees. As far as the current market situation is concerned, downstream businesses maintain a cautious wait-and-see state for the purchase of rare earth raw materials, most of them maintain on-demand procurement, and the quotation of large factories upstream is relatively strong, but there is actually a lower price source in the market. and some businesses have a more positive willingness to ship, if there is no demand support, light and heavy rare earth follow-up or will still have downward space.
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