Neodymium Oxide Price - April 26, 2021

Rare earth market quotation in China: neodymium oxide, europium oxide and praseodymium neodymium metal prices are unchanged from last week when the whole market keeps quiet. 

Downstream end-users basically receive goods only as they are needed. But due to low inventories of rare earth products and high production costs, traders are reluctant to sell at low prices and are cautious in making offers. Therefore, market deals are limited. With the approaching of Labour Day holiday, the market will stabilize. 

In the first quarter, the value added of the industrial enterprises above designated size in Jiangxi Province, China increased by 29.4% year-on-year, 21.5% over the first quarter of 2019, and an average increase of 10.2% over the two years. From the perspective of product output, 348 of the 432 major industrial products under key monitoring have achieved growth, with an increase of 80.6%. Among them, new materials and new products such as smart phones, rare earth magnetic materials, semiconductor discrete devices, and new energy vehicles increased by 313.0%, 101.0%, 92.3%, and 56.9%, respectively.

Prices of rare earth products on April 26, 2021

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Picture of neodymium oxide

neodymium oxide image

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