Neodymium Oxide Price - November 30, 2020

Rare earth market quotation in China: praseodymium oxide, neodymium oxide and dysprosium oxide prices continue to rise in the last trading day on November 30, 2020 due to tight supply of raw materials. 

In the early stage, affected by tight supply of some products and the enthusiasm of downstream magnetic material companies to enter the market, the holders generally lost their minds and increased their material offers, resulting in insufficient follow-up of downstream user demand and strong resistance to high-priced resources. 

According to data from the National Bureau of Statistics, from January to October, the ferrous metal smelting and rolling processing industry achieved operating income of 5827.5 billion yuan, an increase of 2.9% over the same period last year; operating costs of 541.3 billion yuan, an increase of 3.6% over the same period last year; total profits of 183.56 billion yuan Yuan, a year-on-year decline of 12.9%, and the rate of decline narrowed by 5.8 percentage points from January to September.

Prices of rare earth products on November 30, 2020

Picture of neodymium oxide

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