Neodymium Oxide Price - December 22, 2021

China’s praseodymium neodymium oxide and metal prices decline slightly while neodymium oxide price remains unchanged on December 22, 2021. Under the influence of factors such as tight raw material supply, general downstream demand, and the continuous emergence of favorable policies, the price game between buyers and sellers is fierce, which makes the transaction less than expected.

From the supply side, the strengthening of order in the rare earth industry, the tightening of epidemic prevention and control policies, the tight supply of electricity and coal in winter, and the decrease in temperature are the main reasons for the increase in the difficulty coefficient of rare earth mining enterprises. Therefore, the market is spotlight in the short term. It is difficult to alleviate the problem of supply shortage; from the demand side, although the new energy motor market has developed rapidly, which has greatly stimulated the demand for rare earth functional materials, in order to avoid the risk of upside-down, purchasers basically maintain rational consumption.

In terms of news: in November 2021, the raw coal output of enterprises above designated size nationwide was 37.844 million tons, an increase of 4.6% year-on-year; the cumulative output from January to November was 367.26 million tons, an increase of 4.2% year-on-year. In terms of provinces, the total output of raw coal in the five provinces of Shanxi, Inner Mongolia, Shaanxi, Xinjiang, and Guizhou from January to November was 3.049547 million tons, accounting for 83.0% of the country's total output. Among them, Shanxi, Inner Mongolia, Shaanxi, Xinjiang, Guizhou's raw coal output increased by 11.0%, 2.0%, 2.7%, 13.4%, and 7.3%, respectively, year-on-year.

Prices of rare earth products on December 22, 2021

Picture of neodymium oxide

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