Neodymium Oxide Price - December 16, 2021

Rare earth market quotation in China: the prices of praseodymium neodymium oxide and praseodymium neodymium metal edge higher while neodymium oxide price remains unchanged on December 16, 2021. 

Under the influence of factors such as difficult increase in raw material supply, increased downstream demand, tight capital, and the continuous emergence of good news, the negotiation atmosphere between buyers and sellers has become slightly collided, which has led to scarce high-level transactions and difficulty in rising prices of mainstream products. However, in the long run, most industry players still have greater hopes for a better market outlook.

From the supply side, factors such as high environmental protection pressure, the existence of multiple epidemics and the limited increase in rare earth mining and smelting indicators this year are the main reasons for the tight domestic rare earth supply; from the demand side, in the context of global energy conservation and emission reduction, The rapid development of new energy vehicles, energy-saving electrical appliances and other industries has increased the amount of rare earth permanent magnet materials to a large extent.

Prices of rare earth products on December 16, 2021

Picture of erbium oxide

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