Rare Earth Prices Steady with Insufficient Transaction Follow-Up [SMM Rare Earth Daily Review]

Published: Jul 22, 2026 14:23

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[SMM Rare Earth Daily Review: Rare Earth Prices Stable, Actual Transactions Insufficient] In summary, at this stage, downstream new orders are poor, and purchasing enthusiasm is low. Meanwhile, upstream suppliers have weak willingness to sell at low prices, with quotations remaining relatively firm. The tug-of-war between upstream and downstream persists, and overall prices remain stable. In the short term, affected by weak supply-demand fundamentals, Pr-Nd product prices may move sideways in a narrow range.

SMM July 22 News: Rare earth market prices remained stable today. Specifically, in the oxide market, Pr-Nd oxide price was flat, dysprosium oxide price was flat, terbium oxide price was flat, gadolinium oxide price was flat, holmium oxide price increased by 5,000 yuan/mt, and erbium oxide price increased by 10,000 yuan/mt.

In the metal market, Pr-Nd alloy price was flat, dysprosium-iron alloy price was flat, terbium metal price was flat, gadolinium-iron alloy price was flat, holmium-iron market price increased by 5,000 yuan/mt, and lanthanum-cerium metal (alloy grade) price was flat.

For overseas markets, praseodymium oxide FOB price was flat this week, neodymium oxide FOB price was flat this week, terbium oxide FOB price was flat, dysprosium oxide FOB price was flat this week, praseodymium metal FOB price was flat this week, neodymium metal FOB price was flat this week, and terbium metal FOB price was flat this week.

Currently, rare earth market prices generally remained stable. Specifically in the Pr-Nd market, impacted by insufficient new orders downstream, buyers' inquiry and purchase willingness were both relatively sluggish, leading to a sluggish inquiry atmosphere in the Pr-Nd market. However, upstream oxide suppliers' offers remained firm, and prices overall did not experience wild swings. Metal market prices also remained stable. Magnetic material enterprises mostly restocked based on rigid demand, with limited acceptance of high-priced metals. Inquiry prices were on the low side, resulting in an intense tug-of-war between upstream and downstream, and market transactions were in a stalemate.

In the medium-heavy rare earth market, inquiry activities remained scarce. Suppliers' offers were not significantly adjusted, and overall operations were stable. Notably, for holmium, erbium, and yttrium products, due to reduced low-priced spot goods in the market, suppliers' offers were slightly raised. Overall, at this stage, downstream new orders were unsatisfactory, and purchasing enthusiasm was low. Meanwhile, upstream suppliers had weaker willingness to sell at low prices, with firm offers. The tug-of-war between upstream and downstream continued, and prices remained generally stable. In the short term, influenced by weak supply-demand fundamentals, Pr-Nd product prices are likely to move sideways.

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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