Neodymium Oxide Price - December 7, 2022

Rare earth market quotation in China: neodymium oxide, dysprosium oxide and praseodymium neodymium oxide prices increase slightly on December 7, 2022.

With the increasing number of positive factors, most suppliers have increased confidence in raising prices, but due to relatively weak demand, the increase is small, and the actual transaction still needs to be improved. Currently, the prices of praseodymium-neodymium oxide, neodymium oxide and dysprosium oxide have risen to around RMB 680,000/ton, RMB 750,000/ton and RMB 2,350,000/ton respectively.

According to Chinatungsten Online, the positive factors in the market include: first, due to the continuous increase in new cases of the epidemic in many places and the impact of stricter environmental protection policies, some rare earth manufacturers have reduced their production, resulting in a small inventory of raw materials such as praseodymium and neodymium; Recently, many places across the country have successively optimized epidemic prevention and control measures, which not only helps the development of high-tech industries, but also reduces the resistance of logistics and transportation, which in turn is beneficial to the increase in demand for rare earths; third, under the background of carbon neutrality, the purchasing power of the US dollar is relatively high , which is conducive to the heating up of my country's rare earth export market.

Prices of rare earth products on December 7, 2022

Picture of erbium oxide

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