Praseodymium Oxide Price - February 1, 2023

The overall situation of the China’s domestic rare earth market has improved slightly at the beginning of February 203. Under the influence of many uncertain factors, the transaction volume of the light and heavy rare earth market is sluggish and its trend is slightly different. 

In the long run, most industry players still have high expectations for the market outlook. At present, the prices of praseodymium oxide and praseodymium neodymium have risen to about 720,000 yuan/ton and 910,000 yuan/ton respectively.

In terms of news: In February 2023, the listed prices of Northern Rare Earth remained the same month-on-month and decreased year-on-year. Lanthanum oxide was 9,800 yuan/ton, down 9.26% year-on-year; cerium oxide was 9,800 yuan/ton, down 9.26% year-on-year; praseodymium and neodymium oxide was 642,800 yuan/ton, down 21.23% year-on-year; Neodymium praseodymium was 787,000 yuan/ton, a year-on-year decrease of 20.86%; metal neodymium was 867,000 yuan/ton, a year-on-year decrease of 20.06%.

Prices of rare earth products on February 1, 2023

Picture of neodymium oxide

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