company news about Rare Earth Prices Today

      The market price of mainstream rare earth products continued the downward trend of last week at the beginning of the week, and the downward trend of the market price in the middle of the week slowed down. Some magnetic material companies increased their demand for small batch purchases, and the mainstream market price of rare earths accelerated to decline near the weekend.

      Downstream magnetic material companies continue to reduce inventories, the market is in a strong wait-and-see mood, the demand for spot purchases is weak, and some trading companies continue to ship at low prices.

     Today, the mainstream transaction price of praseodymium and neodymium oxide in the market is 0.9-0.91 million yuan / ton; the mainstream transaction price of dysprosium oxide in today's market is lowered to 2.63-2.69 million yuan / ton; the mainstream transaction price of terbium oxide in today's market is lowered to 13-13.3 million yuan / ton ; The mainstream market report of gadolinium oxide today is 530,000-550,000 yuan / ton, and the market inquiries are deserted; the mainstream transaction price of holmium oxide in today's market has dropped to 1.68-1.73 million yuan / ton. （Price Source： www.smm.cn）