Neodymium Oxide Price - December 10, 2020

Rare earth market quotation in China: neodymium oxide, praseodymium neodymium oxide and metal prices edge lower on December 10, 2020 after a previous sharp increase due to oversupply. Now most product prices are in a relatively high level. 

However, although many downstream users need to replenish a large amount of goods, they purchase the quantity on what they actual need as they think the price is high in the market. Under the influence of weak demand support and poor capital flow towards the end of the year, the willingness of holders to give way to shipments has increased. The prices of mainstream products have declined slightly. 

In December, the listed prices of China Northern Rare Earth moved up slightly. Among them, neodymium oxide price increased from 58,000 yuan/ton to 428,000 yuan/ton; neodymium oxide price increased from 130,000 yuan/ton to 534,000 yuan/ton; neodymium and praseodymium metal price was raised by 69,000 yuan/ton to 530,000 yuan/ton; neodymium metal is raised by 155,000 yuan/ton to 657,000 yuan/ton.

Prices of rare earth products on December 10, 2020

Picture of neodymium oxide

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