company news about Rare Earth Prices Today

Today, the light rare earth praseodymium neodymium market continues to be weak, and the price of praseodymium neodymium oxide and praseodymium neodymium metal continues to drop. Separation companies are not very enthusiastic about their offers. The mainstream price of praseodymium and neodymium oxide is 770,000-780,000 yuan / ton. A small number of transactions are made at low prices, and transactions at high prices are under pressure. Metal mills are cautiously watching, purchasing a small amount just need to follow up. Magnetic material companies have weak purchasing interest, downstream demand is weak, magnetic material companies have fewer orders, and some companies reduce production by 30%. The medium and heavy rare earth dysprosium and terbium are running weakly. The mainstream transaction price of dysprosium oxide is slightly adjusted to 2.32-2.33 million yuan / ton, and the mainstream transaction price of terbium oxide has dropped slightly to 13.8-13.9 million yuan / ton. The price of gadolinium oxide weakened with the price of praseodymium and neodymium oxide, and the mainstream price was lowered to 400,000-410,000 yuan / ton, and the transaction of real orders was relatively small.   (source From  www.smm.cn)