SMM Rare Earth Afternoon Trading Comment on October 19

Published: Oct 19, 2026 17:15 (GMT+8)

Save

[SMM Rare Earth Afternoon Transaction Comment] In the afternoon, Pr-Nd oxide shipment prices were slightly lowered. Although most separation plants held their quotes firm, some suppliers showed reduced willingness to hold prices, downstream inquiries remained need-based, and actual order acceptance was still insufficient. Gadolinium oxide prices fell further in the afternoon, with sellers adjusting quotes accordingly, while buyers mostly stayed on the sidelines, leaving transactions sluggish. Pr-Nd alloy quotes remained at the levels set after the morning's downward adjustment, with limited room for further concessions amid losses. Downstream inquiries were weak and actual order acceptance was insufficient. Affected by the sharp decline in gadolinium oxide prices, gadolinium-iron alloy suppliers showed reduced willingness to quote, temporarily holding off on offers to monitor raw material trends, leaving transactions sluggish.

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 for 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

5 hours ago

Shenghe Resources to Transfer 51% Equity in Four Subsidiaries to China Rare Earth Group for RMB 1.6575-1.8105 Billion

【SMM Rare Earth Flash】 On October 19, Shenghe Resources announced plans to transfer 51% equity in four subsidiaries — Leshan Shenghe (after divesting non-separation businesses), Quannan Xinziyuan Rare Earth, Jiangyin Jiahua New Materials, and Zibo Jiahua New Materials — to China Rare Earth Group Industrial Development Co., Ltd. The appraised value of the target companies totals RMB 3.25-3.55 billion, corresponding to a transaction consideration of approximately RMB 1.6575-1.8105 billion. Upon completion, the four companies will be deconsolidated, with accounting switched from the cost method to the equity method. The cooperation is limited to rare earth smelting and separation operations.

5 hours ago

China Rare Earth Projects 89%-141% H1 2026 Profit Growth Amid Favorable Policies and Rising Prices

【SMM Rare Earth Flash】 China Rare Earth (000831.SZ) issued a positive profit alert on October 16, forecasting H1 2026 net profit attributable to shareholders of RMB 363-463 million for January-September, up 88.96%-140.99% YoY, with non-recurring net profit of RMB 366-466 million, up 98.63%-152.94% YoY. Implied Q3 net profit is approximately RMB 126-226 million, rising notably both YoY and QoQ. The company attributed the growth to favorable rare earth industry policies, improving supply-demand dynamics, and higher product prices year-on-year.

5 hours ago

China Rare Earth Group, Harbin Electric Ink Deal for Strategic Cooperation in Manufacturing

【SMM Rare Earth Flash】 On October 15, China Rare Earth Group and Harbin Electric Corporation signed a strategic cooperation framework agreement. Liu Leiyun, Party Secretary and Chairman of China Rare Earth Group, stated that the two sides will use the signing as an opportunity to further consolidate existing cooperation, strengthen strategic synergy, and align industrial resource advantages with major equipment R&D and application needs, jointly contributing to building a manufacturing powerhouse. The partnership will deepen integration of rare earth resources with major equipment manufacturing and support the self-reliance of key materials for high-end equipment.

5 hours ago