Neodymium Oxide Price - April 21, 2022

China’s terbium oxide, praseodymium oxide and neodymium oxide prices keep rising on April 21, 2022. Under the influence of a slight increase in the enthusiasm of downstream users and the decline in the long-term selling price of rare earth raw materials in the early stage, suppliers have generally increased their awareness of price-preserving profitability, but the actual transaction is still lower than expected.

According to Chinatungsten Online, the main reasons for the recent increase in market demand are: first, some new energy companies have gradually resumed work and production, and as one of the key materials for new energy equipment, the amount of rare earths has also increased; To ensure that enterprises can operate normally during the May 1st holiday, downstream users are more willing to purchase at bargain prices. However, as the epidemic situation in some areas such as Shanghai and Shandong has not been completely controlled, the demand from buyers is limited, resulting in a lack of motivation for the sharp rise in rare earth prices.

News: As one of the more applications of rare earth permanent magnet materials, the ship industry performed weakly in the first quarter of this year. From January to March 2022, the completed shipbuilding volume in my country was 9.61 million deadweight tons, a decrease of 1.9% compared with the same period last year, of which sea-going ships were 2.72 million modified gross tons; the number of new orders received was 9.93 million deadweight tons, a decrease of 42.3% compared with the same period last year. Sea-going ships were 4.41 million modified gross tonnage. As of the end of March, the number of orders in hand was 99.1 million deadweight tons, an increase of 26.3% over the same period last year, of which sea-going vessels were 38.78 million revised gross tons, and export vessels accounted for 87.4% of the total.

Prices of rare earth products on April 21, 2022

Picture of lanthanum oxide

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