Praseodymium and Neodymium Oxide Price - June 11, 2020

Rare earth market quotation in China: the latest prices of europium oxide, neodymium oxide and praseodymium and neodymium oxide continue to rise on June 11, 2020.

Firstly, the current inventory of the downstream rare earth plants has basically been consumed and needs to be stocked urgently. Therefore, the increase in raw material price did not bring obvious resistance to the buyers, and the transactions were improved.

Secondly, with the gradual ending of the epidemic in most countries and the state’s encouragement of citizens’ consumption, the demand of end users has picked up, which indirectly stimulated the increase in the price of rare earth mines. Thirdly, the high temperature and rainy weather have greatly increased the difficulty of mining, so the output reduced, plus with low inventories, suppliers are reluctant to sell with strong rised mentality.

Prices of rare earth products on June 11, 2020

Picture of praseodymium and neodymium oxide

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