Cerium Oxide Price - March 4, 2021

Rare earth market quotation in China: cerium oxide price remains stable while prices of praseodymium neodymium oxide and metal climb slightly on March 4, 2021. 

Under the influence of many favorable factors, traders are more motivated to enter the market for inquiries and purchases, so new orders increase. In addition to the promulgation of the "Regulations on Rare Earth Management (Draft for Comment)", which has greatly enhanced investors' confidence in investment. In addition, tight supply offers confidence for suppliers to keep firm offers. 

The development of the new energy automobile industry is expected to improve, and the amount of rare earth permanent magnet materials is expected to be greatly increased this year. Under the situation that the import volume and the output of domestic rare earth mining enterprises are difficult to increase significantly, the problem of supply less than demand in the rare earth market becomes more prominent.

In the news: China's carbon dioxide emissions are striving to reach the peak by 2030, and strive to achieve carbon neutrality by 2060. One of the eight key tasks deployed by the Central Economic Work Conference in 2021 is to do a good job in carbon peaking and carbon neutrality.

Prices of rare earth products on March 4, 2021

Picture of cerium oxide

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