Neodymium Oxide Price - July 7, 2020

Details: Category: Tungsten's News; Published on Wednesday, 08 July 2020 20:10

Neodymium oxide price in the Chinese market continue to climb while praseodymium oxide and dysprosium oxide prices are in the downward trend considering the continued spread of coronavirus and the risk of geopolitics.

In the light rare earth market, although the infrastructure projects are actively being carried out and the automobile market is improving, the weak confidence is difficult to be boosted and thus trading fails to meet market expectations. The medium and heavy rare earth market remains quiet as a stalemate is setting between the supply and demand. Besides that, the market now is in the off season. Most magnetic material enterprises are generally insufficient in taking goods while suppliers have strong rised mentality supported by limited supply.

Prices of rare earth products on July 7, 2020

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