PrNd price: increasing and increasing
PrNd is the abbreviation of Praseodymium Neodymium – a rare earth alloy critical to the production of neodymium magnets.
Magnet price is unstable, rare earth magnet market is down
In the neodymium magnet industry, magnet companies experience ups and downs solely depending on PrNd price trend. During the period of PrNd price going down, we observe less orders and inquiries. As the price hits a certain low point, we may be filled with large orders of neodymium magnets.
PrNd price has gone from 1200k to 770k CYN/TON half year from now.
About Tengye: Tengye supplies finest permanent magnetic materials and assemblies to world industry. We work closely with our customer from designing stage to mass production.