Neodymium Oxide Price - Feb. 21, 2022

At the beginning of the week, China’s neodymium oxide, lanthanum oxide and cerium oxide prices are unchanged from previous week. 

Although suppliers generally hold a strong attitude of reluctance to sell and hope to increase due to the influence of supply-side optimization and the increase in downstream consumer demand for new energy, wind power, etc., in order to avoid the risk of cost-benefit inversion, downstream users basically purchase on-demand.

News: In 2021, the added value of industries above designated size in Baotou City will increase by 14.1% year-on-year, which is 4.5 and 8.1 percentage points higher than the national (9.6%) and the whole region (6.0%) respectively. Among them, the added value of rare earth industry increased by 31.8%.

Prices of rare earth products on Feb. 21, 2022

Picture of neodymium oxide

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