Rare Earth Price - Oct. 24, 2017

Rare earth market quotation: Rare earth price kept declining last week affected by less trading volume in the downstream and the reduction of enterprises’ listing price that weakened market confidence. 

But opening this week, rare earth price tends to stabilize. It is reported recently that with the price callback of praseodymium neodymium and other rare earth varieties, Rare Earth Group prepares to buy up at depressed prices. Besides, the State Reserves Bureau may restart purchasing and storage. Boosted by the news, the expectation of tight supply supports the current weak molybdenum market to rebound.

Price of rare earth products on Oct. 24, 2017

Picture of neodymium oxide

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