Pr-Nd Prices Rise Amid Stabilizing Raw Materials, Magnetic Sector Accepts Higher Rates

Influenced by multiple factors, as of 5:00 PM today, the spot price of Pr-Nd oxide was quoted at 765,000-770,000 yuan/mt, up approximately 5,000 yuan/mt from the 11:00 AM quote. The spot price of Pr-Nd alloy was quoted at 930,000-940,000 yuan/mt, up 10,000 yuan/mt from the morning quote. According to SMM, some transactions were concluded in the Pr-Nd oxide market at current prices. However, the magnetic material sector showed low acceptance of the 930,000-940,000 yuan/mt alloy price, and no transaction information had been obtained for the time being.

[SMM Rare Earth News Flash] Neo Performance Materials announced that the solvent extraction line at its Silmet plant in Estonia had been successfully commissioned, producing its first batches of terbium oxide and dysprosium oxide. The production line operated at nameplate capacity, achieving heavy rare earth separation using mixed rare earth carbonate raw materials. This move further strengthened the supply chain for Neo's first large-scale sintered magnet factory in Europe, located in Narva, with an annual capacity of 2,000 mt. Neo's CEO stated that the company now possessed both light and heavy rare earth processing capabilities, enabling it to supply secure, traceable, high-quality heavy rare earth materials to European permanent magnet factories.

[SMM Rare Earth News Flash] According to data released by CAAM, China's automobile production in March 2026 reached 2.917 million units, of which NEV production was 1.231 million units and internal combustion engine vehicles 1.686 million units. According to the SMM end-use demand model, NdFeB consumption from NEVs in March 2026 was 5,260.8 mt, and NdFeB consumption from internal combustion engine vehicles was 534.2 mt. Both NdFeB consumption from NEVs and internal combustion engine vehicles increased YoY and MoM.