Praseodymium and Neodymium Metal Price - April 30, 2020

Rare earth market quotation in China: prices of terbium oxide and DyFe decline slightly while praseodymium and neodymium metal price maintains stability when the market is in a stalemate. In a situation where the global economic development has slowed down slightly, the demand side is weak and operators hold a wait-and-see mood. 

In the light rare earth market, there is no obvious change in prices of mainstream products. Although the holiday of May Day is approaching, the demand of downstream users is even lower, and the consumer sentiment is not high, so the actual transaction volume is relatively small. but affected by production costs and the gradual recovery of corporate production in other countries, suppliers still maintain firm quotations. 

The medium and heavy rare earth market is stable but shows signs of decline. Due to the low initiative of the downstream rare earth separation companies to receive goods, the confidence of the holders is slightly insufficient. Consumers enter the market for purchases, so many industry players expect that the market will remain weak after the holiday.

Prices of rare earth products on April 30, 2020

Picture of praseodymium and neodymium metal

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