At the beginning of the week, the domestic rare earth market continued to underperform. With downstream demand yet to show significant growth and some suppliers eager to liquidate their inventories, the prices of major products have further declined to varying degrees.

 

Praseodymium-Neodymium Oxide: Down by 5,000 CNY/ton.

Praseodymium-Neodymium Metal: Down by 2,000 CNY/ton.

Terbium Oxide: Down by 50 CNY/kg.

Dysprosium Oxide: Down by 10,000 CNY/ton.

NdFeB Scrap (Terbium): Price fell by 154 CNY/kg due to the ongoing decline in rare earth raw material prices.

 

However, it is worth noting that prices for NdFeB (Neodymium-Iron-Boron) blanks have remained stable, which has provided some confidence to raw material suppliers in holding firm on their pricing strategies.

 

Market News

Recently, the official website of the State-owned Assets Supervision and Administration Commission of the State Council announced the list of industrial cultural heritage sites for central enterprises in the mining industry. Among the 24 industrial heritage sites recognized, the Yakouping Rare Earth Mine of China Rare Earth Group's Liangshan Rare Earth Co., Ltd. was included.

 

Prices of rare earth products on December 23, 2024

Picture of praseodymium oxide

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