Rare Earth Prices Steady; Variety Performance Diverges [SMM Rare Earth Daily Review]

Published: Jul 7, 2026 13:42

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[SMM Rare Earth Daily Review: Rare Earth Prices Stable, Diverging Performance by Variety] Overall, inquiry activity in the rare earth market improved compared to yesterday. Among them, prices of Pr-Nd and terbium products were slightly raised, while gadolinium product prices pulled back slightly due to poor actual transactions. It is expected that in the short term, as market trading activity further improves, Pr-Nd product prices may drift higher.

SMM, July 7: Today, rare earth market prices remained generally stable. Specifically, in the oxide market, Pr-Nd oxide price rose by 2,500 yuan/mt, dysprosium oxide price remained flat, terbium oxide price rose by 110,000 yuan/mt, gadolinium oxide price fell by 3,500 yuan/mt, holmium oxide price remained flat, and erbium oxide price remained flat.

In the metal market, Pr-Nd alloy price remained flat, dysprosium-iron alloy price remained flat, terbium metal price rose by 100,000 yuan/mt, gadolinium-iron alloy price rose by 3,500 yuan/mt, holmium-iron alloy price remained flat, and lanthanum-cerium metal (alloy grade) price remained flat.

Currently, rare earth market prices maintained a stable trend. Specifically for the Pr-Nd market, Pr-Nd oxide futures prices rose, and inquiry activity for spot Pr-Nd oxide also increased. Against this backdrop, suppliers' willingness to sell at low prices decreased, making low-priced goods scarce in the market, and overall prices thus edged up slightly. In the metal market, prices were strongly supported by oxide costs. Supplier quotes edged up slightly compared with yesterday afternoon, but remained flat from yesterday morning. Overall market inquiry activity increased somewhat, but downstream magnetic material enterprises remained cautious in procurement, mainly seeking low-priced sources for just-in-time procurement.

In the medium-heavy rare earth market, low-priced sources of terbium oxide gradually tightened, and there were successive transactions at higher prices. As a result, supplier quotes rose significantly. Terbium metal prices also rose in tandem due to cost support. In contrast, the gadolinium product market saw sluggish trading activity, and supplier quotes edged down slightly. Meanwhile, prices for products such as dysprosium and holmium remained relatively stable.

Overall, today's inquiry activity in the rare earth market improved from yesterday. Among them, prices for Pr-Nd and terbium products edged up slightly, while gadolinium product prices pulled back slightly due to poor actual transactions. In the short term, as market trading activity further improves, Pr-Nd product prices are expected to drift higher with consolidation.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

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