China Praseodymium Oxide Price - Jun. 19, 2020

Rare earth market quotation in China: praseodymium oxide and praseodymium neodymium oxide prices edge lower while lanthanum oxide price remains unchanged when the market is relatively weak. 

The prices of rare-earth metals have tumbled from their June highs after China, a key refiner, resumed the import of ores from Myanmar in September but supply concerns continue to plague the market.

In mid-November, neodymium, an ingredient of permanent magnets used in electric vehicle motors, was traded at around $54 per kilogram, while dysprosium, which is added to improve permanent magnets' heat resistance, was traded at around $230 per kilogram. Both values were 20% lower than their recent highs in June, and at their lowest points since April.

Prices of rare earth products on Jun. 19, 2020

praseodymium oxide price image

Picture of praseodymium oxide

praseodymium oxide image

Follow our WeChat to know the latest tungsten price, information and market analysis.

 

 

WeChat