Praseodymium Oxide Price - March 28, 2022

At the beginning of the week, China’s praseodymium oxide, dysprosium oxide and praseodymium neodymium metal prices continue to decline. Affected by weak downstream demand and insufficient support from favorable policies, suppliers are generally more willing to take the initiative to ship goods in order to obtain more orders. 

With the support of obvious tension and extreme weather, the limited increase in the spot supply of rare earth raw materials has played a positive role in slowing down the price reduction rate of traders.

In terms of news: Earth Bear’s revenue in 2021 is 1.655 billion yuan, a year-on-year increase of 111.54%; net profit is 152 million yuan, a year-on-year increase of 191.07%. Among them, the sintered NdFeB permanent magnet material business accounted for 96.89% of the main business income, and the gross profit margin was 20.9%, an increase of 1.07 percentage points year-on-year.

Prices of rare earth products on March 28, 2022

Picture of lanthanum oxide

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