Praseodymium Oxide Price - February 8, 2023

Details: Category: Tungsten's News; Published on Wednesday, 08 February 2023 18:10

Rare earth market quotation in China: praseodymium oxide price is unchanged from the previous day while praseodymium neodymium oxide and mental prices decline slightly on February 8, 2023.

The domestic rare earth market is still weak, which is not only reflected in the low turnover and slow growth of orders, but also in the lack of confidence of suppliers in stabilizing prices, and the price of praseodymium, neodymium and gadolinium has declined to varying degrees. However, supported by the small stock of rare earth raw materials, production costs and the good development of emerging industries, many suppliers are still willing to maintain firm quotations.

In terms of news: Hengdian DMEGC is expected to achieve a net profit attributable to the parent of 1.569 billion to 1.737 billion yuan in 2022, an increase of 40% to 55% year-on-year; it is expected to realize a non-net profit of 1.536 billion to 1.672 billion yuan, an increase of 70% to 85% year-on-year %. The main reason for the growth of Hengdian DMEGC's performance is that the company continues to deepen the strategic deployment of "magnetic materials + new energy" two-wheel drive. Through measures such as increasing project investment, strengthening technological innovation, optimizing market layout, and digging internal potential The comprehensive competitiveness of the industrial sector was further enhanced.

Prices of rare earth products on February 8, 2023

praseodymium oxide price photo