Chinese Rare Earth Market - December 4, 2023

At the beginning of the week, the overall Chinese rare earth market exhibited a pattern of fluctuations, with limited transaction volume in the market due to downstream manufacturing companies primarily consuming existing inventory and a prevalent sentiment of preferring price increases over decreases. 

However, driven by production cost support and the desire to secure certain profit margins, holders mostly adopted a rational approach to lowering prices. Currently, the prices of praseodymium-neodymium oxide and holmium oxide have decreased to around 474,000 yuan/ton and 490,000 yuan/ton, respectively, while terbium oxide and dysprosium oxide prices have risen to around 8,150 yuan/kg and 2,710,000 yuan/ton, respectively.

In terms of news, according to information from China Tungsten Online, in December 2023, the listed prices of rare earths in northern China remained stable on a month-on-month basis but declined by over half on a year-on-year basis. The prices are as follows: lanthanum oxide at 9,800 yuan/ton, unchanged both month-on-month and year-on-year; cerium oxide at 9,800 yuan/ton, unchanged both month-on-month and year-on-year; praseodymium-neodymium oxide at 493,400 yuan/ton, a year-on-year decrease of 23.24%; neodymium oxide at 501,700 yuan/ton, a year-on-year decrease of 29.30%; metallic praseodymium-neodymium at 608,000 yuan/ton, a year-on-year decrease of 22.74%; metallic neodymium at 618,000 yuan/ton, a year-on-year decrease of 28.72%.

Prices of rare earth products on December 4, 2023

Picture of neodymium oxide

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