China Rare Earth Price - April 14, 2023

China rare earth price kept falling in the week ended on Friday April 14, 2023. With the rapid growth of rare earth raw material spot inventory, the buyer’s market has a relatively large advantage, which has led to the decline in rare earth raw materials such as praseodymium, neodymium, terbium, gadolinium, dysprosium and their permanent magnets. Material prices have been falling, and the buying and selling atmosphere in the market is low.

According to Chinatungsten Online, this week, praseodymium oxide dropped by about 40,000 yuan/ton, a drop of 7.27%; neodymium oxide dropped by about 60,000 yuan/ton, a drop of 10.34%; 105,000 yuan/ton, a drop of 5.16%; 52M NdFeB rough squares dropped by about 15 yuan/kg, a drop of 4.48%.

In terms of news: By 2025, all administrative and public institutions in Shandong Province will purchase new energy vehicles. This year, Shandong Province promulgated the "Shandong Province Provincial Government Official Travel Leasing Social Vehicle Management Measures", which clarified that official travel leasing social vehicles, except for special requirements, give priority to leasing new energy vehicles. Up to now, the province's administrative institutions have equipped nearly 3,000 new energy vehicles and built 20,600 charging facilities.

Prices of rare earth products on April 14, 2023

Picture of lanthanum oxide

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