Neodymium Oxide Price - May 18, 2022

Rare earth market quotation in China: terbium oxide, neodymium oxide, praseodymium oxide prices decline slightly on May 18, 2022.

In the light rare earth market, the prices of praseodymium and neodymium products rose slightly, mainly due to the end of the May 1st holiday and the gradual easing of the epidemic in Shanghai and other places. The amount of permanent magnet materials, as one of the main raw materials of rare earth permanent magnets, the demand and price of praseodymium and neodymium raw materials have also risen.

In the medium and heavy rare earth market, there is generally a priceless market pattern. Although frequent rains have caused the production capacity release of some heavy rare earth smelting enterprises in Jiangxi to shrink, the import of mines in Myanmar has been blocked, and the light rare earth market has gradually improved, it is still difficult to offset the weak demand from downstream users. The damage brought by the market is mainly manifested in the lack of confidence of the holders to stabilize the price and the weak transaction.

News: From January to February 2022, the 38 rare earth enterprises above designated size in the rare earth high-tech zone achieved a total industrial output value of 7.231 billion yuan, a year-on-year increase of 168.3%. From the perspective of economic type, the seven state-owned and state-controlled enterprises completed a total output value of 5.076 billion yuan, a year-on-year increase of 297.1%, accounting for 70.2% of the total output value of the rare earth industry.

Prices of rare earth products on May 18, 2022

Picture of lanthanum oxide

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