China Rare Earth Price - December 11, 2020

China rare earth price retreated in the week ended on Friday December 11, 2020 after a previous sharp increase. The market price is not likely to increase in the short term, according to market participants. 

In the light rare earth market, stability and decline are the main coexistence. Under the situation that the demand side support is constantly weakening, holders have increased their profit-taking mentality. In addition, due to capital shortage at the end of year, suppliers are more will to sell and price declines slightly. The neodymium praseodymium oxide price has dropped to 417,000 yuan/ton, and the neodymium praseodymium price has dropped to 515,000 yuan/ton.

In the medium and heavy rare earth market, market prices have risen and fallen. Under the background of general demand from downstream magnetic materials companies and deteriorating light rare earth market, some traders have slightly loosened their confidence in price bidding. However, due to the effective support by favorable factors such as the improvement of the industry and the increasing intensity of environmental protection crackdowns, there is little room for product prices to fall.

Prices of rare earth products on December 11, 2020

Picture of neodymium oxide

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