Last week, Pr-Nd oxide price continued to decline slightly. During the week, the mainstream price for Pr-Nd oxide decreased from 446,000-450,000 yuan/mt on December 14 to 438,000-442,000 yuan/mt on December 21, down 1.8% WoW. The price of Pr-Nd alloy was adjusted down from 545,000-555,000 yuan/mt on December 14 to 535,000-540,000 yuan/mt on December 21, down 2.3% WoW.
The release of the third rare earth mining quota batch has spurred pessimism among traders about future prices amid plentiful supplies.
