Praseodymium Oxide Price - March 3, 2021

Rare earth market quotation in China: cerium oxide, praseodymium oxide and dysprosium oxide prices continue to keep firm offers benefiting from the support of the fundamentals and policy side. In the short rem, market price is not likely to reduce. 

In the light rare earth market, the supply and demand are facing good. Under the background of the high prosperity of the new energy vehicle market, the amount of rare earth permanent magnet materials is large, which in turn promotes the price of praseodymium and neodymium metal and its oxide products to rise; in the medium and heavy rare earth market, the overall situation is still in short supply. Under the situation of limited capacity release of domestic ion-type rare earth smelting enterprises, the political instability in Myanmar has exacerbated the problem of domestic product supply shortage.

In the news: the latest listing prices of Southern Rare Earths this week shows that the median price of gadolinium oxide has been raised by 31,500 yuan/ton, with a quotation range of 23~235,000 yuan/ton; the median price of terbium oxide has been raised by 900,000 yuan/ton, with a quotation range of 9.7-9.8 million yuan/ton; the median price of dysprosium oxide increased by 515,000 yuan/ton, and the quotation range was 3 to 3.05 million yuan/ton; the median price of holmium oxide increased by 150,000 yuan/ton, and the quotation range was 1.03-10 million yuan/ton; the price range of lutetium oxide is increased by 5,000 yuan/ton, and the quotation range is between 190,000 and 195,000 yuan/ton; the median price of lutetium oxide is increased by 50,000 yuan/ton, and the quotation range is between 5.3 and 5.35 million yuan/ton; the median price of yttrium oxide is increased by 75,000 yuan/ton.

Prices of rare earth products on March 3, 2021

Picture of praseodymium oxide

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