Praseodymium Oxide Price - April 15, 2021

Rare earth market quotation in China: praseodymium oxide price rises slightly to 540,000 yuan/ton, neodymium oxide price drops to 85,000 yuan/ton and praseodymium and neodymium oxide price drops to 575,000 yuan/ton on April 15, 2021. 

Recently, with the strengthening of environmental protection and the increasing penetration of new energy vehicles in the global market, suppliers’ awareness of firm quotations has also increased. According to industry insiders, based on the 20% penetration rate of new energy vehicles in 2025, China’s new energy vehicle sales will reach 5.4 million by 2025, overseas new energy vehicles will reach 11.87 million, and the global total will reach 17.27 million, which is 324 million in 2020. 5.3 times of 10,000 vehicles. The industry has a large room for development, which means that the demand for rare earth magnetic materials will improve in the future.

Prices of rare earth products on April 15, 2021

praseodymium oxide price image

Picture of praseodymium oxide

praseodymium oxide image

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

 

 

WeChat