In May, rare earth prices began to weaken. The average price of Pr-Nd oxide fluctuated from 403,500 yuan/mt at the beginning of May to 376,000 yuan/mt this Thursday, down about 6.8%. The dysprosium oxide prices dropped by 3.7% in May, and terbium oxide prices fell by 8.3%.
In May, due to the implementation of environmental protection policies and the weakened support from large enterprises, the market lacked new growth engines, leading to insufficient rare earth demand this week. The market saw a decline after frequent price hikes, reflecting market sentiment fluctuations.
The rare earth market was unstable, lacking clear direction, with the rare earth oxide market experiencing a sharp fall, stabilizing briefly, and then dropping again. As concentrated procurement by rare earth metal factories last week temporarily stabilized market sentiment, the quotations and transaction prices from separation plants showed some rebound. However, the overall wait-and-see sentiment still intensified. Faced with the slight downward in quotations and transaction prices, downstream procurement and quotations became more cautious.
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