China Praseodymium Oxide Price - Jun. 19, 2020
- Details
- Category: Tungsten's News
- Published on Wednesday, 24 June 2020 19:22
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
Picture of praseodymium oxide
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