Heavy Rare Earths Prices – March 27, 2023

At the beginning of the week, the domestic rare earth market as a whole showed a pattern of ups and downs. Under the influence of many uncertain factors, the price trends of light and heavy rare earths were different.

The price of praseodymium and neodymium has not yet maintained the rising trend near the weekend of last week, mainly due to the fact that the demand from downstream users is still small and the mining index of light rare earths has increased slightly this year, with an increase of 22.11%. The price trend of medium and heavy rare earths is generally stable or small. The main reason is that the heavy rare earth index has been slightly lowered this year, with a drop of 4.76%.

News: Recently, the Ministry of Industry and Information Technology has emphasized that it is necessary to grasp the new situation and new requirements, better play the role of the platform, and coordinate efforts around shortcomings and weaknesses to accelerate the innovation and development of the new material industry. All platform units should adhere to problem-oriented and goal-oriented, implement the main responsibility, improve the market-oriented operation mode, and focus on improving the resilience and security level of the industrial chain and supply chain, building new growth engines for new materials, and optimizing the industrial innovation ecology. Improve innovation and service capabilities.

Prices of rare earth products on March 27, 2023

Picture of neodymium oxide

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