Neodymium Oxide Price - August 31, 2020

Rare earth market quotation in China: the praseodymium oxide, neodymium oxide and praseodymium neodymium oxide prices continue to be in the downward trend in the last trading day in August 31, 2020 affected by low trading activity of market participants. 

Firstly, the influx of a large number of low-cost resources from overseas and the low export volume of rare earths are the reasons for weak confidence of the holders, and some quotations have been slightly lowered; secondly, downstream users have basically completed the procurement plan, so It is more difficult to increase the activity on the market again. In order to realize cash and maximize profits, suppliers should quote rationally. Supported by costs, there is limited room for spot prices to fall.

Prices of rare earth products on August 31, 2020

Picture of lanthanum oxide

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

• < Prev
• Next >