Neodymium Oxide Prices - April 23, 2023

Rare earth market quotation in China: neodymium oxide and praseodymium neodymium oxide prices decline slightly while holmium oxide and dysprosium oxide prices edge higher on April 23, 2023. 

Under the influence of many uncertain factors, the price of praseodymium and neodymium has not yet maintained the upward trend near the weekend of last week, mainly due to the slow follow-up of demand from downstream users and the limited support of positive factors, but due to the risk of price inversion of praseodymium and neodymium metal products still relatively large, so the holders have limited room for profit sharing. In addition, the price of dysprosium and terbium still maintains a slight upward trend.

In terms of news: in the first quarter of 2023, the downstream industry of rare earths - the shipbuilding industry will develop relatively well. From January to March, my country's shipbuilding completed 9.17 million deadweight tons; new orders received 15.18 million deadweight tons, a year-on-year increase of 53%. As of the end of March, the order volume in hand was 114.52 million deadweight tons, a year-on-year increase of 15.6%. From January to March, my country's shipbuilding completions, new orders and pending orders accounted for 43.5%, 62.9% and 50.8% of the world's total in terms of dwt, respectively, ranking first in the world.

Prices of rare earth products on April 23, 2023

Picture of europium oxide

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