Praseodymium and Neodymium Metal Prices - Apr. 7, 2020

Rare earth market quotation in China: the latest prices of europium oxide, lanthanum oxide and praseodymium and neodymium metal keep stable due to deadlocked supply and demand, low consumption of downstream buyers, capital shortage of upstream. 

On the one hand, the coronavirus has slowed down the development of the global new energy industry. For example, domestic 5G mobile phone parts are in short supply, and most foreign OEMs have suspended operations. These phenomena have caused a large impact on the rare earth market; on the other hand, due to the impact of production costs and various new energy consumption stimulus policies, the price of the concession holders is limited, so there is less market turnover.

Prices of rare earth products on Apr. 7, 2020

Picture of praseodymium and neodymium metal

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