NdPR price, page-1975

Published on Friday, 20 October 2023 14:06

This week, Chinese rare earth price exhibited a generally stable-to-weak trend. This was primarily reflected in varying degrees of decline in the prices of light and heavy rare earth raw materials, as well as a slow growth in actual orders. In the short term, many traders adopted a cautious wait-and-see approach.

As per information from China Tungsten Online, the prices of certain rare earth materials have seen declines compared to the previous week. Neodymium-praseodymium oxide prices decreased by approximately 6,000 CNY per ton, a decrease of 1.13%. Prices of neodymium-praseodymium metal decreased by approximately 12,000 CNY per ton, marking a decrease of 1.82%. Terbium oxide prices decreased by about 190 CNY per kilogram, representing a 2.22% decrease. Dysprosium oxide prices dropped by around 20,000 CNY per ton, with a decrease of 0.74%. The prices for 55N neodymium iron boron ingots remained stable. Prices for waste materials (containing praseodymium and neodymium) of neodymium iron boron ingots decreased by about 12 CNY per kilogram, a decrease of 2.14%.

The recent decline in rare earth prices can be attributed to several factors, including rapid growth in the production of some rare earth raw materials and sluggish demand from downstream users. However, due to factors like higher production costs, positive expectations for the second half of the year, and the fact that rare earth prices are still relatively low, suppliers have limited room to reduce prices.