ferrite magnets
Recent domestic rare earth market prices have fallen slightly
Apr 22,2021.

According to the monitoring of the business agency, the price index trend of the domestic rare earth market continued to fall. The price of domestic praseodymium and neodymium rare earths has dropped significantly, and the price of neodymium has dropped significantly. The market price of heavy rare earths has also fallen correspondingly. The domestic rare earth market prices have dropped slightly. 

Mainstream products such as neodymium praseodymium oxide and neodymium praseodymium alloys have fallen sharply, while prices of praseodymium oxide and metal praseodymium have bucked the trend. As of April 20, the price of neodymium oxide in domestic rare earths was 567,500 yuan/ton, down 9.56% from the price in early April. The price of neodymium metal was 742,500 yuan/ton, down 5.71% from the price in early April; the price of neodymium praseodymium oxide was 560,500 yuan/ton, down 3.78% from the price in early April; the price of neodymium praseodymium was 685,000 yuan/ton. Compared with the price at the beginning of April, the price fell by 4.2%; the price of praseodymium oxide was 547,500 yuan/ton; the price of praseodymium metal was 705,000 yuan/ton, and the domestic light rare earth market fell.

rare earth Neodymium oxide price

rare earth metal neodymium price

Pr and Neodymium Oxide price

praseodymium neodymium alloy price


Recently, the rare earth market has been declining. Some companies have reported that the overall transaction volume has declined. The downstream permanent magnets mainly purchase on-demand. However, the early-stage manufacturers actively stock up and the on-site inventory increases. As a result, the downstream enthusiasm for restocking is generally not high. Product prices have fallen. Sales of new energy vehicles have slowed down, and the impact on the rare earth industry has cooled somewhat. The main rare earth materials of high-performance NdFeB are light rare earth praseodymium and neodymium oxide, heavy rare earth dysprosium oxide and terbium oxide, which are used in new energy vehicles, wind power, energy-saving inverter air conditioners, traditional automobiles and other fields. According to statistics, new energy vehicles continue to set a single-month historical record of sales. 

According to data released by the China Association of Automobile Manufacturers, in March and March, the national automobile industry continued to maintain a good development trend, with production and sales reaching 2.462 million and 2.526 million vehicles respectively, an increase of 63.9% and 73.6% from the previous month and an increase of 71.6% and 74.9% year-on-year. ; New energy production, sales and export volume once again set a new historical record for the month. Downstream on-demand procurement is the main focus, the light rare earth market prices continue to fall, and the heavy rare earth market also cools down accordingly.




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