Neodymium Oxide Price - May 11, 2022

Rare earth market quotation in China: praseodymium oxide, neodymium oxide and praseodymium neodymium oxide prices edge higher in the middle of May 2022. With the gradual increase of favorable factors, many suppliers tend to uphold prices, so the transaction prices of mainstream products have risen and the industry has greater expectations for a better market outlook.

According to Chinatungsten Online, the main favorable factors for the rare earth market include: First, the increase in environmental protection efforts and heavy rainy weather have led to limited release of rare earth mining companies’ production capacity. In addition, Myanmar has entered the rainy season, which hinders the export of Myanmar mines, which has led to the Chinese market. The growth rate of spot inventory is slow; second, due to factors such as the gradual stabilization of the epidemic in many places, the depreciation of the RMB, and the accelerated development of overseas manufacturing, the activity of my country's rare earth export market has increased slightly, which has played a certain supporting role in the rise in rare earth prices. . Customs data shows that from January to April 2022, my country exported a total of 17,107.2 tons of rare earths, with an export value of 2.25 billion yuan; of which, in April, 4,427.0 tons of rare earths were exported, with an export value of 700 million yuan.

In terms of news: On May 10, Northern Rare Earth announced the listing price of rare earth products in May. The listing price of lanthanum oxide was 10,800 yuan/ton; the listing price of cerium oxide was 10,800 yuan/ton; the listing price of praseodymium and neodymium oxide was 814,700 yuan/ton. In April, the listing price of neodymium oxide was 891,100 yuan/ton; the listing price of praseodymium and neodymium metal was 993,000 yuan/ton, which was 1,500 yuan/ton lower than that in April; the listing price of metal neodymium was 1,084,500 yuan/ton.

Prices of rare earth products on May 11, 2022

Picture of europium oxide

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