Neodymium Oxide Price - November 29, 2021

Details: Category: Tungsten's News; Published on Monday, 29 November 2021 19:10

Rare earth market quotation in China: terbium oxide, praseodymium oxide and neodymium oxide prices continue to increase at the beginning of the week.

In addition to being supported by the limited inventory of raw materials and the introduction of the "Electrical Energy Efficiency Improvement Plan (2021-2023)", downstream demand continues to increase, which is also the main source of power for suppliers to increase their confidence in price increases. In the case of avoiding the risk of upside down, purchasers are relatively cautious in their consumption, so the transaction is normal.

According to Chinatungsten Online, with the tightening of carbon neutral policies and the gradual easing of chip shortages, industries such as new energy vehicles, wind power generation, smart homes and inverter air conditioners have developed well, which has become the main reason for the increase in the use of rare earth permanent magnet materials. .

News: According to industry statistics, as of the end of October 2021, China’s cumulative installed capacity of renewable energy power generation reached 1.02 billion kilowatts, doubled from the end of 2015, and accounted for 43.5% of the country’s total installed power generation capacity, an increase of 10.2 units from the end of 2015 percentage point. Among them, the installed capacity of hydropower, wind power, solar power and biomass power generation reached 385 million kilowatts, 299 million kilowatts, 282 million kilowatts, and 35.34 million kilowatts, respectively, all of which continued to rank first in the world.

Prices of rare earth products on November 29, 2021

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