Neodymium Oxide Price - October 20, 2022

Rare earth market quotation in China: neodymium oxide price remains stable while praseodymium neodymium oxide and metal prices continues to decline on October 20, 2022. 

Under the mutual influence of many favorable and unfavorable factors, the market of light and heavy rare earths has been differentiated, which is mainly reflected in the small drop in the price of praseodymium and neodymium, and the stable price of dysprosium and terbium.

In the light rare earth market, the market is weak. Although new energy vehicles, wind power generation, energy-saving home appliances and other industries are developing well, the demand for rare earth permanent magnet materials is also large, and due to the repeated epidemics in many places and the convening of the 20th National Congress, rare earth manufacturing. Commercial output has been reduced, but it is still difficult to offset the damage caused by poor downstream demand to the market, and the price of mainstream products has been sluggish.

In the medium and heavy rare earth market, there is generally a priceless market pattern. Under the circumstance that the supply of raw materials is difficult to increase and end customers basically maintain just-in-demand purchases, most stockholders maintain rational quotations, and there is still a large room for growth in transaction volume. 

Prices of rare earth products on October 20, 2022

Picture of neodymium oxide

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