Praseodymium Neodymium Metal Price - August 10, 2022

China rare earth prices fluctuated in a narrow range as a whole on August 10, 2022. Under the interweaving of favorable and unfavorable factors, the price game between buyers and sellers was fierce, and they did not yield to each other, so the transaction was quiet and the market outlook was uncertain. 

Currently, the prices of praseodymium neodymium metal and dysprosium iron alloy (DyFe) are consolidating at RMB 920,000/ton and RMB 2,320,000/ton respectively.

According to Chinatungsten Online, the price of rare earth raw materials has fallen sharply in the past few times, and many suppliers have increased their awareness of profit, so the decline in quotations has gradually narrowed. However, due to the traditional off-season of consumption and the low willingness of buyers to receive goods, it is difficult for rare earth prices to rebound significantly.

News: As one of the larger application fields of rare earth permanent magnet materials, the wind power industry will develop relatively well in the first half of 2022. In the first half of 2022, the country's newly installed wind power installed on the grid was 12.94 million kilowatts, of which onshore wind power and offshore wind power were newly installed by 12.06 million kilowatts and 270,000 kilowatts. In terms of the distribution of newly installed capacity, the "Three North" regions account for about 72.5%, and the central, eastern and southern regions account for about 27.5%.

Prices of rare earth products on August 10, 2022

Picture of lanthanum oxide

Follow our WeChat to know the latest tungsten price, information and market analysis.

• < Prev
• Next >