Neodymium Oxide Price - November 23, 2020

Rare earth market quotation in China: terbium oxide, neodymium oxide and praseodymium neodymium metal prices are in the upward trend in the week began on Monday November 23, 2020 due to increased trading activity. 

Some industry players predict that market conditions may continue to improve in the short term. Although the global epidemic continues to spread and the geopolitical risks of various countries are still relatively high, it is still difficult to reduce the impact of market prices on the imbalance of supply and demand. Due to the approaching Christmas and the Spring Festival, downstream users at home and abroad have increased their sentiment for receiving and stocking goods. When the original raw material inventory is not very large, the holders have a stronger mentality to reluctantly sell the goods.

Prices of rare earth products on November 23, 2020

Picture of neodymium oxide

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