Neodymium Oxide Prices - August 21, 2019

Rare earth market quotation in China: the dysprosium oxide and DyFe prices declined slightly while neodymium oxide and praseodymium neodymium oxide prices edged higher. 

In the light rare earth market, market inquiry increased. With the impact of stricter environmental protection, crackdown on illegal production and started parade blue, most of mining enterprises have to reduce production capacity and rise mainstream product offers slightly to decrease low-price resources. The heavy rare earth market is both weak in supply and demand as the magnets industry is in the off season. So buyers are seeking for further price decline to avoid risk of price inversion. Large companies are not willing to sell at low prices. The demand is difficult to increase in the short term. 

Prices of rare earth products on August 21, 2019

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Picture of neodymium oxide

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