The prices of praseodymium-neodymium series have increased significantly.

According to data from Bai Chuan Yingfu, the price of rare earth products is accelerating. On February 9th, praseodymium neodymium oxide and metal praseodymium neodymium rose by 7.59% and 6.27% respectively. Praseodymium neodymium oxide has increased by a cumulative 34% so far this year. Research institutions believe that in January, the production of neodymium metal decreased compared to the previous month, and tight supply of raw materials led to production cuts in some regions. It is expected that neodymium production may further decrease in February, and rare earth prices are expected to continue to rise.