Neodymium Oxide Price - August 23, 2022

Rare earth market quotation in China: praseodymium oxide, neodymium oxide and praseodymium neodymium oxide prices edge lower on August 22, 2022.

 Under the influence of many uncertain factors, the market trends of light and heavy rare earths are not the same, which is mainly reflected in the fact that the price of praseodymium and neodymium products is difficult to stop falling, while the price of dysprosium and terbium is relatively stable.

According to Chinatungsten Online, the uncertainties in the rare earth market include that the global epidemic has not yet subsided, the continued high temperature in summer has led to power cuts in many places, the increase in natural disasters such as mountain torrents, and the total amount of rare earth mining and smelting separation in the two batches before 2022 has increased year-on-year. Wait.

In terms of news: Customs data shows that from January to July 2022, China's cumulative export of rare earths was 29,886 tons, a year-on-year increase of 7.5%; the cumulative import was 69,492 tons, a year-on-year decrease of 8%. Among them, the export of rare earth in July was 3,637 tons, down 8% year-on-year; the import of rare earth was 9,351 tons, down 19.6% year-on-year.

Prices of rare earth products on August 23, 2022

Picture of cerium oxide

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