Praseodymium Neodymium Metal Price - March 7, 2022

At the beginning of the week, China’s domestic rare earth prices were generally adjusted within a reasonable range. The prices of praseodymium neodymium oxide, praseodymium neodymium metal and terbium oxide were consolidated at around RMB 1,110,000/ton, RMB 1,390,000/ton and RMB 15,200/kg, respectively.

Due to the difficulty in increasing the supply of raw materials, the fear of high prices among downstream users, the expected good development of the new energy market, stricter environmental protection policies during the Two Sessions, and increased energy prices among European countries and the unsettled situation in Russia and Ukraine, traders were difficult to make offers. 

In terms of news, the market price of rare earth products continues to rise and remains high. The Rare Earth Office of the Ministry of Industry and Information Technology requires relevant enterprises to effectively enhance their awareness of the overall situation and responsibility, correctly grasp the relationship between the current and the long-term, upstream and downstream, and ensure the safety and stability of the industrial chain and supply chain; it is necessary to strengthen industry self-discipline and further regulate the production and operation of enterprises, product transactions and Trade circulation and other behaviors must not participate in market speculation and hoarding; give full play to the leading role of demonstration, promote and improve the pricing mechanism of rare earth products, jointly guide product prices to return to rationality, and promote the sustainable and healthy development of the rare earth industry.

Prices of rare earth products on March 7, 2022

Picture of cerium oxide

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