Praseodymium Neodymium Oxide Price - Oct. 31, 2018

The latest prices of neodymium oxide, praseodymium neodymium oxide and praseodymium neodymium metal decline slightly on Wednesday. Pressed by funds and demand, traders are will to sell products, which make insiders uncertain for market expectations. Purchasers now have strong wait-and-see mood. In the short term, rare earth price will be adjusted limitedly on the tightening availability of raw materials.

According to the Ministry of Industry and Information Technology, in order to further deepen the coordination among departments, effectively implement the local government's supervisory duties, and maintain the high-pressure situation of rare earth violations, the members of the Rare Metals Inter-Ministerial Coordination Mechanism have approved to supervise the order and reorganization in key rare earth production areas since this year. Some insiders expect that the move will boost a new rise in rare earth prices. 

Prices of rare earth products on Oct. 31, 2018

Picture of europium oxide

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