Praseodymium Neodymium Oxide Price - April 25, 2022

At the beginning of the week, China rare earth price remains stable on the whole, except a little decline of praseodymium neodymium oxide price. 

According to Chinatungsten Online, the main reasons for the weak trading volume and price in the rare earth market are: First, although industrial enterprises in Jilin and Shanghai are gradually resuming work and production, their capacity release is still limited, so it is difficult to significantly increase the confidence of rare earth suppliers to raise prices. ; Second, in the case of weak downstream demand, rare earth mining enterprises are mining relatively fast, so it is not conducive to the quotation of stockholders. However, due to the obstruction of overseas mine imports, high production costs and high logistics and transportation costs, there is little room for reduction in the price of rare earth products.

News: In the first quarter of 2022, China Rare Earth Group's mining and smelting separation output increased by more than 15%, and its operating income and total profit increased significantly by 41% and 65.7% year-on-year, respectively.

Prices of rare earth products on April 25, 2022

Picture of rare earth permanent magnet materials

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