Neodymium Oxide Prices - April 17, 2023

At the beginning of the week, China’s praseodymium oxide, neodymium oxide and praseodymium neodymium oxide prices remained weak adjustment mainly affected by the increase of market supply. 

In addition to the limited consumption capacity of downstream magnetic material enterprises and the unshrinkable spot supply of rare earth raw materials, the trading price of rare earth concentrates of Northern Rare Earth and Baotou Steel Co., Ltd. fell by more than 12% in the second quarter. And the increasing amount of rare earth ores from overseas are also the main reasons why the quotations of rare earth suppliers are difficult to stabilize in the near future. However, supported by production costs and the gradual recovery of the current economy, supplier quotations have declined slightly.

In terms of news: Recently, the relocation and upgrading project of Fuyuan Company, a subsidiary of Rising Nonferrous Metals Co., Ltd., which processes 5,000 tons of medium-yttrium-europium-rich rare earth ore separation production line in early April, has a "green voice" and has become the first ion-type rare earth separation plant in the country. The first enterprise to realize the utilization of waste water resources. Since the trial operation, nearly 400 tons of ammonium chloride have been produced, about 20,000 tons of ammonium chloride can be recovered each year, the output value can reach 20 million yuan, and more than 80% of production water has been saved.

Prices of rare earth products on April 17, 2023

Picture of neodymium oxide

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