Praseodymium Oxide Prices - February 19, 2024

Chinese rare earth market maintained sideways trading overall on February 19, 2024. Although the market saw subdued buying sentiment and relatively low trading activity, suppliers showed limited willingness to offer discounts due to the current low prices of rare earth materials. 

Today, the prices of praseodymium oxide, yttrium oxide, and dysprosium iron alloy remained stable at around 415,000 yuan per ton, 410,000 yuan per ton, and 1,910,000 yuan per ton, respectively.

According to insights from CTIA GROUP LTD, the total control indicators for the first batch of rare earth mining, smelting, and separation in 2024 increased by 12.50% and 10.43% year-on-year, respectively. This is one of the reasons why downstream users have slowed down their procurement speed in recent days. However, the first batch of rare earth control indicators this year were only allocated to China Rare Earth and Northern Rare Earth. This indicates that the concentration of rare earth resources in China has been further increased, which is conducive to the stable operation of rare earth prices.

In terms of news, Da Di Xiong is expected to achieve a net profit attributable to shareholders of -43 million to -36 million yuan in 2023, resulting in a loss compared to the same period last year (149.83 million yuan). The expected non-recurring net profit is estimated to be between -54.26 million and -47.26 million yuan.

Prices of rare earth products on February 19, 2024

Picture of dysprosium oxide

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