This week, Pr-Nd oxide prices began to rebound. The mainstream prices of Pr-Nd oxide slightly increased from 412,000-415,000 yuan/mt last Thursday to 415,000-417,000 yuan/mt this Thursday, an increase of about 0.6%. Pr-Nd alloy prices also saw a slight rise this week, with prices increasing from 512,000-520,000 yuan/mt last Thursday to 516,000-520,000 yuan/mt this Thursday, an increase of about 0.4%.
This week, major magnetic material manufacturers continued to tender, and with the continuous procurement by upstream top-tier enterprises, the overall trend of Pr-Nd prices remained strong.
