Neodymium Oxide Price - December 23, 2021

Rare earth market quotation in China: neodymium oxide price declines slightly while europium oxide and cerium oxide prices continue to remain unchanged on December 23, 2021 as many insiders are cautious under many instabilities. 

From the perspective of favorable factors, firstly, due to the increasing environmental protection requirements, poor climate environment and insufficient coal power supply, some rare earth smelting and separation enterprises have entered the state of maintenance ahead of schedule, which is the main reason for the difficulty in increasing the supply of rare earth raw materials; secondly, the rapid development of industries such as new energy vehicles and wind power has played a role in boosting the increase in demand for permanent magnet materials, which in turn is beneficial to suppliers’ quotations.

From the perspective of negative factors, first, the end of the year is approaching and funds are tight, so downstream users are more cautious in purchasing, which leads to slow growth in orders; secondly, the current prices of rare earth raw materials are not low, which makes consumers more afraid of heights and also affects transaction volume to a large extent.

In the news: the latest edition of "China Economic Bulletin: Economic Rebalancing-From Recovery to High-quality Growth" pointed out that after the strong rebound in the first half of 2021, although China's economic activity has cooled in the second half of the year, China's real GDP growth this year The rate will reach 8.0% and will increase by 5.1% in 2022.

Prices of rare earth products on December 23, 2021

Picture of praseodymium and neodymium metal

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