Northern Rare Earth cuts September Pr/Nd prices

摘要

China's major light rare earths producer Northern Rare Earth has reduced its listed prices for September-delivery neodymium and praseodymium-neodymium, pressured by weaker restocking demand from the magnet sector and lower spot prices. More magnet manufacturing plants were inclined to hold metal feedstock inventories at low levels or build stocks only as needed over the past few weeks to increase cash flows, expecting downstream buyers, particularly in the new energy vehicle and wind power turbine industry to enter the spot market next month.