Changes in the Supply-Demand Pattern, Rare Earth Prices Stabilize After Declines [SMM Rare Earth Daily Review]

Published: Apr 21, 2025 14:44

Save

SMM Rare Earth Daily Review: Supply-Demand Pattern Shift, Rare Earth Prices Stabilized. Today, rare earth market prices showed a trend of stabilization after a decline. Specifically, in the oxide market, Pr-Nd oxide prices remained stable at 415,000 to 417,000 yuan per mt, dysprosium oxide prices held steady at 1.64 to 1.65 million yuan per mt, and terbium oxide prices dropped to 7.06 to 7.1 million yuan per mt.

View SMM Rare Earth Quotations, Data, and Market Analysis

Order and View SMM Metal Spot Historical Price Trends

SMM, April 21: Today, the rare earth market prices showed a trend of stabilizing after a decline. Specifically, in the oxide market, the price of Pr-Nd oxide remained stable at 415,000 to 417,000 yuan per mt, dysprosium oxide maintained at 1.64 to 1.65 million yuan per mt, terbium oxide decreased to 7.06 to 7.1 million yuan per mt, and gadolinium oxide dropped to 165,000 to 166,000 yuan per mt; holmium oxide remained stable at 482,000 to 488,000 yuan per mt, while erbium oxide fluctuated between 298,000 and 303,000 yuan per mt.

In the metal market, the price of Pr-Nd alloy decreased to 513,000 to 516,000 yuan per mt, dysprosium-iron alloy maintained at 1.62 to 1.63 million yuan per mt, terbium metal remained stable at 8.9 to 8.95 million yuan per mt, gadolinium-iron alloy stayed at 162,000 to 164,000 yuan per mt, holmium-iron market price dropped to 490,000 to 495,000 yuan per mt, and lanthanum-cerium alloy fluctuated between 17,000 and 22,000 yuan per mt.

Currently, the rare earth market prices overall show a trend of stabilizing after a decline. Affected by the suspension of rare earth concentrate exports from the US MP mine to China on April 18, the tightening supply side has driven the price of Pr-Nd alloy to steadily rebound; the medium-heavy rare earth market, influenced by the large imports from Myanmar mines and export control restrictions, saw the price of dysprosium stabilize after a short-term pullback, while the prices of terbium and gadolinium continued to decline. Therefore, light rare earth prices showed a trend of stabilizing and rebounding, while medium-heavy rare earth prices tended to stabilize. It is expected that in the short term, the light rare earth market prices will continue to stabilize overall, while there is still room for further decline in medium-heavy rare earth prices.

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.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

Apr 3, 2026 11:44

Pr-Nd Oxide and Alloy Prices Surge Amid Multiple Factors

[SMM Rare Earth Flash] Affected by multiple factors, Pr-Nd oxide prices and Pr-Nd alloy prices surged sharply today. Pr-Nd oxide closed at 750,000-755,000 yuan, up 27,500 yuan/mt from the previous day, while Pr-Nd alloy closed at 900,000-920,000 yuan/mt, up 22,500 yuan/mt from the previous day. As of now, SMM had not learned of any transactions concluded at these prices and would continue to follow up on frontline market conditions.

Apr 3, 2026 11:44

Apr 2, 2026 18:08

Rare Earth Prices Surge: Neodymium Praseodymium Oxide and Gadolinium Iron See Increased Transactions

[SMM Rare Earth Price Flash] As of now, driven by the rise in futures prices, neodymium praseodymium oxide has seen small-volume transactions by some traders at 730,000-740,000 yuan/mt. Driven by rising raw material prices, coupled with tender procurement of Pr-Nd alloy by major magnetic material plants, metal quotations were also raised to 900,000 yuan/mt, with actual transactions following up. The latest market quotation for gadolinium oxide was 230,000 yuan/mt, and quotations for gadolinium iron were also raised to 215,000-220,000 yuan/mt, driven by downstream tender procurement.

Apr 2, 2026 18:08

Apr 2, 2026 16:11

Rare Earth Prices Hold Up Well, and Market Inquiry Activity Increases [SMM Rare Earth Weekly Review]

[SMM Rare Earth Weekly Review: Rare Earth Prices Hold Up Well, and Market Inquiry Activity Increases] The Pr-Nd oxide market as a whole continued to hold up well. Under the impact of expectations of tighter supply and pronounced fluctuations in futures prices, upstream suppliers kept raising their offers, while low-priced cargoes tightened rapidly, pushing Pr-Nd oxide prices up to 722,000-728,000 yuan/mt.

Apr 2, 2026 16:11