China Neodymium Oxide Price - May 12, 2021

Rare earth market quotation in China: terbium oxide, praseodymium oxide and praseodymium neodymium oxide prices remain weak in the middle of May despite of good expectation for global economy recovery and downstream manufacturing industry. 

Rare earth separate factories and magnetic companies mainly take a watchful stance while suppliers consider profit-taking. Therefore, offers for most products decline but with limited space. 

The listed prices of Northern Rare Earths this month showed that the prices of most products have fallen, and the decline is relatively large, but they are generally in line with market expectations. Among them, neodymium praseodymium oxide price is 546,400 yuan/ton, reduced by 36,800 yuan/ton; neodymium oxide price is 558,900 yuan/ton, reduced by 78,400 yuan/ton; neodymium praseodymium price is 671,000 yuan/ton, reduced by 44,000 yuan/ton, neodymium metal price is 686,000 yuan/ton, reduced by 94,000 yuan/ton. 

Prices of rare earth products on May 12, 2021

Picture of cerium oxide

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