Praseodymium and Neodymium Metal Price - Jun. 29, 2020

Rare earth market quotation in China: the terbium oxide and praseodymium neodymium metal prices rise slightly while lanthanum oxide and dysprosium oxide prices decline in the first trading day after the holiday of Dragon Boat Festival. 

The sentiment between the supply and demand parties has not recovered after the holiday, so the overall transaction volume is not much. Before the Dragon Boat Festival, due to the relatively tight supply of some spot goods, many holders were reluctant to sell and raised their quotations, which made it slightly difficult for downstream users to increase their willingness to purchase.

However, due to the impact of high-temperature, flood season and stricter ecological and environmental protection policies, the production capacity of raw materials has been released less, coupled with the promotion of new energy vehicles and the accelerated development of 5G, the demand for downstream magnetic materials companies may pick up. A few insiders have certain hopes for the future market

Prices of rare earth products on Jun. 29, 2020

Picture of praseodymium and neodymium metal

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