Cerium Oxide Price - December 7, 2020

China europium oxide, lanthanum oxide and cerium oxide prices maintain stability on December 7, 2020 when the market demand is recovering and some products remain low inventory. 

Holders are generally more optimistic, with less sales pressure and relatively firm quotations. However, the recent market enquiries and purchase enthusiasm has declined compared with the previous stage, and the transaction volume has been average. This is mainly due to high prices of products. Many magnetic materials companies have a strong sense of resistance to resources at the current price. 

The Russian "Kommersant" stipulates that Russia will mine 11,800 tons of rare metals and 7,000 tons of rare earth metals each year by 2024, and by 2030 it will be 43,400 tons and 30,000 tons respectively.

Prices of rare earth products on December 7, 2020

Picture of praseodymium oxide

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