Rare Earth Price - April 29, 2019

Details: Category: Tungsten's News; Published on Monday, 29 April 2019 17:46

Rare earth market quotation in China: rare earth price remains stable early in this week as the market is caught in wait-and-see atmosphere with the approaching of May Day. On the one hand, the import of Myanmar rare earth mines was banned and the impact on the price would be revealed in May; on the other hand, stricter environmental protection inspection is easing the deadlocked relationship between supply and demand.

In addition, after a long period of decline, prices of praseodymium and neodymium tend to hover around the cost, and traders are willing to rebound at the bottom. In the short term, market participants would wait for the consumption of downstream energy vehicles and other industries.

Prices of rare earth products on April 29, 2019

rare earth price image