Suppliers' Sentiment to Stand Firm on Quotes Remains Strong, Pr-Nd Prices Fluctuate Upward [SMM Daily Review]

Published: Jan 10, 2025 14:05

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[SMM Daily Review: Suppliers Show Strong Sentiment to Stand Firm on Quotes, Pr-Nd Prices Fluctuate Upward] Today, rare earth market prices experienced slight fluctuations. According to SMM data, the price of Pr-Nd oxide increased to 400,000-401,000 yuan/mt, while the price of dysprosium oxide adjusted to 1.61-1.63 million yuan/mt.

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SMM, January 10: Today, rare earth market prices experienced slight fluctuations. According to SMM data, the price of Pr-Nd oxide increased to 400,000-401,000 yuan/mt, dysprosium oxide adjusted to 1.61-1.63 million yuan/mt, and terbium oxide decreased to 5.75-5.8 million yuan/mt. Gadolinium oxide rose to 151,000-153,000 yuan/mt, while holmium oxide remained stable at 410,000-415,000 yuan/mt.

In the metal market, Pr-Nd alloy prices rose to 490,000-494,000 yuan/mt, dysprosium-iron alloy was priced at 1.58-1.6 million yuan/mt, terbium metal remained at 7.2-7.25 million yuan/mt, gadolinium-iron prices stabilized at 148,000-150,000 yuan/mt, and lanthanum-cerium metal was at 17,000-19,000 yuan/mt. Today, influenced by Baotou Steel's increase in Q1 2025 concentrate prices, suppliers maintained a strong sentiment to stand firm on quotes, leading to a slight rise in Pr-Nd product prices. However, due to differing market expectations between buyers and sellers regarding medium-heavy rare earths, the overall prices of dysprosium and terbium remained stable. Currently, back-and-forth negotiations between upstream and downstream remain intense.

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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