Rare earth price trend on December 18, 2023

Product name  Price High and lows
Lanthanum metal  (yuan/ton) 25000-27000 -
Cerium metal  (yuan/ton) 26000-26500 -
Neodymium Metal (yuan/ton) 565000-575000 -
Dysprosium metal (yuan /Kg) 3400-3450 -
Terbium metal(yuan /Kg) 9700-9900 -
Praseodymium neodymium metal/Pr-Nd metal  (yuan/ton) 545000-550000 -2500
Gadolinium iron  (yuan/ton) 195000-200000 -
Holmium iron (yuan/ton) 480000-490000 -
Dysprosium oxide (yuan /kg) 2630-2670 -
Terbium oxide  (yuan /kg) 7850-8000 -
Neodymium oxide  (yuan/ton) 457000-463000 -
Praseodymium neodymium oxide  (yuan/ton) 441000-445000 -6000

Today’s Market Intelligence Sharing

Today, some prices in the domestic rare earth market continued to decline, with praseodymium neodymium oxide falling by 6000 yuan per ton and praseodymium neodymium metal falling by 2500 yuan per ton. Due to significant fluctuations in the price of praseodymium neodymium in the past month, the new order volume of most magnetic material companies is not optimistic. The insufficient downstream order volume directly leads to a sustained low level of inquiry activity in the entire market. In the situation where the price of praseodymium neodymium continues to be weak, manufacturers mainly purchase according to demand.