Neodymium Oxide Prices - December 13, 2019

Rare earth market quotation in China: the neodymium oxide, praseodymium neodymium oxide and praseodymium neodymium metal prices edge higher on Friday December 13, 2019 as traders have high willingness to raise product prices. 

In the light rare earth market, the actual transaction performance is poor. Under the situation of increasing industrial chaos and the colder climate in the north, the operating rate of rare earth smelters has generally declined, and the capacity release has been small, supporting suppliers' strong rised mentality. But downstream demand fail to meet market expectation with a large space to rise. 

In the medium and heavy rare earth market, the overall pressure is prominent. Although the prices of dysprosium and terbium products have increased, due to higher environmental protection costs and weak purchasing capacity of magnetic materials companies, traders still face greater risks of price inversion, operating with cautiously.

Prices of rare earth products on December 13, 2019

Picture of cerium oxide

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