Light rare earth neodymium oxide, praseodymium prices now the first drop in two months

October 11 , according to data revealed Thursday ( the 10th ) light rare earth neodymium oxide, praseodymium are two slightly wounded callback , the average price at 355,000 yuan / ton, down 1.4%. Heavy rare earth dysprosium oxide also offer lower , down 2.3 %, but turnover is still deserted , the market continued to wait purchasing and storage of rare earth policy introduced .

Over the same period was also lower offer dysprosium iron, dysprosium oxide, gadolinium oxide, neodymium and praseodymium neodymium mixed metal . Analysts said , "Some of the traders in order to maintain liquidity , plans small price shipments, but most vendors sell cheap short term is still refused ." According to Ganzhou a rare earth smelting enterprises revealed that, due NdFeB magnets industry downturn , dysprosium iron 80% min volume deserted , most smelters only demand procurement of dysprosium oxide , now the companies are digesting dysprosium inventory, are not recent procurement.


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