Affected by the continued decline in the price of PrNd mixed metals, the mainstream price of China's antimony oxide fell to 277,000-282,000 yuan / ton (EXW cash), down 3,000 yuan / ton from a week ago. Most producers are currently facing losses and do not accept significant price cuts. In view of the high inventory of suppliers and the bearish outlook, market participants believe that China's PrNd Oxidides prices will continue to decline slightly in the coming week.

Stimulated by rising Chinese prices, the mainstream price of neodymium oxide (99.5% min) in the North American market in the past two weeks climbed to $50-52/kg, an increase of about $12/kg compared to the price two weeks ago.

Rare earth is the abbreviation of a group of metals, including 17 elements in the periodic table of chemical elements, such as lanthanum, cerium, and praseodymium. It has been widely used in many fields such as electronics, petrochemicals, metallurgy and so on. Almost every 3-5 years, scientists are able to discover new uses for rare earths.

The possibility of substitution of SMCO and NdFeB is discussed from the material properties and cost price.