Rare earth price trend on July 4, 2023

Today's Market Intelligence Sharing

In July, the listed price of rare earth prices has been issued. Except for lanthanum oxide and cerium oxide, there has been no change, and other prices have declined slightly.Today, the overall price of the domestic rare earth market continued to decline, with light and heavy rare earths falling to varying degrees. Praseodymium and neodymium metals continued to stabilize today after a deep correction last week.In the absence of major positive news release on the policy side, Praseodymium and Neodymium series products have insufficient upward momentum. The main reason is that the supply of rare earth increases, and the supply exceeds the demand. The downstream market mainly purchases on demand based on rigid demand. It is expected that the short-term price of Praseodymium and Neodymium series still has the risk of callback.