China’s Rare Earth Prices - April 24, 2023

China’s rare earth prices are generally arranged within a narrow range and fluctuate slightly on April 24, 2023. Under the interweaving of negative and positive factors, the price of praseodymium and neodymium showed a slight downward trend, while the price of dysprosium and terbium rose slightly, and the price of NdFeB rough and its waste remained weak and stable.

According to Chinatungsten Online, although the enthusiasm of downstream users to enter the market for inquiries and purchases has increased as the May Day holiday approaches, it is still lower than expected. In addition, the sentiment of buyers to suppress prices has not diminished, and many suppliers are still facing relatively high costs. Upside down risk. Therefore, in order to avoid the risk of cost inversion and due to the tightening of environmental protection policies, some rare earth manufacturers have slightly slowed down their production speed.

In terms of news: Northern Rare Earth will achieve operating income of 37.26 billion yuan in 2022, a year-on-year increase of 22.53%; Share income was 1.66 yuan.

Prices of rare earth products on April 24, 2023

Picture of erbium oxide

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